Fermata Advisors LLC Raises Stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT)

Fermata Advisors LLC increased its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 7.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 28,149 shares of the company’s stock after purchasing an additional 1,872 shares during the period. Fermata Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,318,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vision Financial Markets LLC purchased a new stake in shares of iShares Bitcoin Trust ETF in the fourth quarter worth about $25,000. Crewe Advisors LLC lifted its holdings in shares of iShares Bitcoin Trust ETF by 151.0% in the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock worth $27,000 after buying an additional 302 shares in the last quarter. Beacon Capital Management LLC purchased a new stake in iShares Bitcoin Trust ETF in the 4th quarter worth approximately $28,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in iShares Bitcoin Trust ETF in the 4th quarter worth approximately $28,000. Finally, Graney & King LLC purchased a new stake in iShares Bitcoin Trust ETF in the 4th quarter worth approximately $31,000.

iShares Bitcoin Trust ETF Trading Down 1.3%

NASDAQ IBIT opened at $59.64 on Thursday. iShares Bitcoin Trust ETF has a 1 year low of $28.23 and a 1 year high of $63.70. The company’s 50 day simple moving average is $53.92 and its two-hundred day simple moving average is $53.92.

iShares Bitcoin Trust ETF Company 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.