Financial Sense Advisors Inc. Makes New $1.28 Million Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Financial Sense Advisors Inc. purchased a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 31,585 shares of the company’s stock, valued at approximately $1,278,000.

A number of other institutional investors have also made changes to their positions in the business. Sound Income Strategies LLC bought a new stake in iShares Bitcoin Trust in the 1st quarter valued at $30,000. Salem Investment Counselors Inc. acquired a new position in shares of iShares Bitcoin Trust during the first quarter valued at about $41,000. JTC Employer Solutions Trustee Ltd bought a new stake in shares of iShares Bitcoin Trust in the first quarter valued at about $84,000. AlphaMark Advisors LLC acquired a new stake in iShares Bitcoin Trust during the first quarter worth about $103,000. Finally, Pettinga Financial Advisors LLC acquired a new stake in iShares Bitcoin Trust during the first quarter worth about $204,000.

iShares Bitcoin Trust Stock Down 2.2 %

Shares of IBIT stock opened at $34.44 on Thursday. iShares Bitcoin Trust has a 12 month low of $22.02 and a 12 month high of $41.99. The stock has a 50 day moving average price of $37.04.

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.