IAG Wealth Partners LLC Boosts Stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT)

IAG Wealth Partners LLC raised its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 154.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,529 shares of the company’s stock after buying an additional 929 shares during the period. IAG Wealth Partners LLC’s holdings in iShares Bitcoin Trust ETF were worth $72,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NINE MASTS CAPITAL Ltd raised its stake in shares of iShares Bitcoin Trust ETF by 29.6% in the 4th quarter. NINE MASTS CAPITAL Ltd now owns 1,518,200 shares of the company’s stock valued at $80,541,000 after purchasing an additional 346,918 shares in the last quarter. Lake Street Advisors Group LLC raised its stake in shares of iShares Bitcoin Trust ETF by 71.3% in the 4th quarter. Lake Street Advisors Group LLC now owns 40,791 shares of the company’s stock valued at $2,164,000 after purchasing an additional 16,982 shares in the last quarter. Edge Capital Group LLC raised its stake in shares of iShares Bitcoin Trust ETF by 34.3% in the 4th quarter. Edge Capital Group LLC now owns 77,251 shares of the company’s stock valued at $4,098,000 after purchasing an additional 19,745 shares in the last quarter. RWQ Financial Management Services Inc. raised its stake in shares of iShares Bitcoin Trust ETF by 2,069.2% in the 4th quarter. RWQ Financial Management Services Inc. now owns 169,194 shares of the company’s stock valued at $8,976,000 after purchasing an additional 161,394 shares in the last quarter. Finally, Orvieto Partners L.P. acquired a new stake in shares of iShares Bitcoin Trust ETF in the 4th quarter valued at about $796,000.

iShares Bitcoin Trust ETF Stock Performance

Shares of iShares Bitcoin Trust ETF stock opened at $59.74 on Friday. The firm’s 50-day simple moving average is $55.86 and its 200-day simple moving average is $54.24. iShares Bitcoin Trust ETF has a 1 year low of $28.23 and a 1 year high of $63.70.

About iShares Bitcoin Trust ETF

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.