Northeast Financial Consultants Inc Takes $6.33 Million Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Northeast Financial Consultants Inc bought a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the third quarter, HoldingsChannel reports. The firm bought 175,217 shares of the company’s stock, valued at approximately $6,331,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IBIT. MCIA Inc boosted its stake in iShares Bitcoin Trust by 9.5% during the third quarter. MCIA Inc now owns 20,537 shares of the company’s stock worth $742,000 after buying an additional 1,787 shares in the last quarter. Orion Portfolio Solutions LLC raised its stake in shares of iShares Bitcoin Trust by 9.4% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 8,101 shares of the company’s stock valued at $293,000 after buying an additional 694 shares in the last quarter. XTX Topco Ltd bought a new position in shares of iShares Bitcoin Trust during the 3rd quarter worth about $303,000. EP Wealth Advisors LLC boosted its position in shares of iShares Bitcoin Trust by 70.5% during the 3rd quarter. EP Wealth Advisors LLC now owns 18,392 shares of the company’s stock valued at $664,000 after acquiring an additional 7,606 shares in the last quarter. Finally, Insigneo Advisory Services LLC increased its stake in iShares Bitcoin Trust by 2.7% in the third quarter. Insigneo Advisory Services LLC now owns 58,636 shares of the company’s stock valued at $2,119,000 after acquiring an additional 1,532 shares during the period.

iShares Bitcoin Trust Price Performance

NASDAQ:IBIT opened at $57.80 on Friday. iShares Bitcoin Trust has a 12-month low of $22.02 and a 12-month high of $59.16. The firm has a 50-day moving average price of $44.39 and a 200 day moving average price of $38.70.

iShares Bitcoin Trust Profile

The IShares Bitcoin Trust Registered (IBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. IBIT was launched on Jan 5, 2024 and is issued by BlackRock.