Forte Asset Management LLC Purchases 40,394 Shares of iShares Bitcoin Trust ETF $IBIT

Forte Asset Management LLC lifted its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 70.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 97,923 shares of the company’s stock after buying an additional 40,394 shares during the quarter. iShares Bitcoin Trust ETF comprises approximately 2.2% of Forte Asset Management LLC’s holdings, making the stock its 17th largest position. Forte Asset Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $4,862,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Udine Wealth Management Inc. grew its stake in iShares Bitcoin Trust ETF by 5.9% in the 4th quarter. Udine Wealth Management Inc. now owns 64,758 shares of the company’s stock valued at $3,215,000 after buying an additional 3,589 shares during the last quarter. Perigon Wealth Management LLC raised its holdings in iShares Bitcoin Trust ETF by 76.6% in the 4th quarter. Perigon Wealth Management LLC now owns 123,898 shares of the company’s stock worth $6,152,000 after acquiring an additional 53,756 shares during the period. Balboa Wealth Partners acquired a new position in iShares Bitcoin Trust ETF during the 4th quarter worth $267,000. Cassia Capital Partners LLC lifted its position in iShares Bitcoin Trust ETF by 162.2% during the 4th quarter. Cassia Capital Partners LLC now owns 15,137 shares of the company’s stock worth $752,000 after acquiring an additional 9,365 shares during the last quarter. Finally, Financial Planning Navigators CORP bought a new stake in iShares Bitcoin Trust ETF during the fourth quarter valued at about $231,000.

iShares Bitcoin Trust ETF Stock Down 1.7%

Shares of NASDAQ:IBIT opened at $37.97 on Friday. The stock’s 50-day moving average is $40.48 and its 200-day moving average is $51.19. iShares Bitcoin Trust ETF has a 52-week low of $35.30 and a 52-week high of $71.82.

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.