Sovereign Financial Group Inc. Has $818,000 Position in iShares Bitcoin Trust ETF (NASDAQ:IBIT)

Sovereign Financial Group Inc. raised its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 5.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 17,470 shares of the company’s stock after purchasing an additional 825 shares during the quarter. Sovereign Financial Group Inc.’s holdings in iShares Bitcoin Trust ETF were worth $818,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of IBIT. Vision Financial Markets LLC acquired a new position in shares of iShares Bitcoin Trust ETF during the 4th quarter worth about $25,000. Crewe Advisors LLC grew its position in shares of iShares Bitcoin Trust ETF by 151.0% during the 4th quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock worth $27,000 after buying an additional 302 shares during the period. Beacon Capital Management LLC acquired a new position in shares of iShares Bitcoin Trust ETF during the 4th quarter worth about $28,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of iShares Bitcoin Trust ETF during the 4th quarter worth about $28,000. Finally, Graney & King LLC acquired a new position in shares of iShares Bitcoin Trust ETF during the 4th quarter worth about $31,000.

iShares Bitcoin Trust ETF Stock Performance

iShares Bitcoin Trust ETF stock opened at $59.26 on Friday. iShares Bitcoin Trust ETF has a 1 year low of $28.23 and a 1 year high of $63.70. The business has a 50-day moving average of $54.36 and a 200-day moving average of $54.00.

iShares Bitcoin Trust ETF 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.