Strong Retirement Solutions LLC Makes New $3.78 Million Investment in iShares Bitcoin Trust ETF $IBIT

Strong Retirement Solutions LLC acquired a new stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 79,890 shares of the company’s stock, valued at approximately $3,782,000. iShares Bitcoin Trust ETF makes up 2.1% of Strong Retirement Solutions LLC’s portfolio, making the stock its 16th biggest position.

A number of other large investors have also made changes to their positions in the stock. E6 Portfolios LLC acquired a new stake in shares of iShares Bitcoin Trust ETF during the 4th quarter worth about $864,000. Concurrent Investment Advisors LLC raised its position in shares of iShares Bitcoin Trust ETF by 12.1% in the second quarter. Concurrent Investment Advisors LLC now owns 103,456 shares of the company’s stock valued at $3,444,000 after buying an additional 11,140 shares during the last quarter. OceanIQ Capital LLC acquired a new position in shares of iShares Bitcoin Trust ETF in the second quarter valued at approximately $816,000. J. Derek Lewis & Associates Inc. purchased a new position in shares of iShares Bitcoin Trust ETF during the fourth quarter valued at approximately $747,000. Finally, Broussard Financial Group LLC lifted its stake in shares of iShares Bitcoin Trust ETF by 72.4% during the first quarter. Broussard Financial Group LLC now owns 70,478 shares of the company’s stock valued at $2,708,000 after buying an additional 29,588 shares during the period.

iShares Bitcoin Trust ETF Stock Down 2.9%

NASDAQ IBIT traded down $1.40 during mid-day trading on Wednesday, reaching $47.09. 32,991,231 shares of the stock were exchanged, compared to its average volume of 52,525,504. iShares Bitcoin Trust ETF has a 1-year low of $32.84 and a 1-year high of $70.59. The business’s fifty day simple moving average is $42.63 and its 200 day simple moving average is $40.54.

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.