Verus Financial Partners Inc. Acquires 500 Shares of iShares Bitcoin Trust ETF $IBIT

Verus Financial Partners Inc. lifted its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 5.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,122 shares of the company’s stock after acquiring an additional 500 shares during the quarter. Verus Financial Partners Inc.’s holdings in iShares Bitcoin Trust ETF were worth $580,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in IBIT. Brighton Jones LLC bought a new stake in shares of iShares Bitcoin Trust ETF in the 4th quarter worth about $711,000. Bison Wealth LLC bought a new stake in shares of iShares Bitcoin Trust ETF in the 4th quarter worth about $3,140,000. Fifth Third Wealth Advisors LLC bought a new stake in shares of iShares Bitcoin Trust ETF in the 1st quarter worth about $241,000. NBC Securities Inc. lifted its holdings in shares of iShares Bitcoin Trust ETF by 92,450.0% in the 1st quarter. NBC Securities Inc. now owns 1,851 shares of the company’s stock worth $86,000 after acquiring an additional 1,849 shares during the last quarter. Finally, Merit Financial Group LLC lifted its holdings in shares of iShares Bitcoin Trust ETF by 51.8% in the 1st quarter. Merit Financial Group LLC now owns 26,566 shares of the company’s stock worth $1,244,000 after acquiring an additional 9,066 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Performance

iShares Bitcoin Trust ETF stock opened at $68.77 on Friday. iShares Bitcoin Trust ETF has a 12-month low of $33.47 and a 12-month high of $69.89. The firm has a 50-day moving average price of $65.03 and a 200-day moving average price of $59.59.

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.