Palumbo Wealth Management LLC Purchases 93,277 Shares of iShares Bitcoin Trust ETF $IBIT

Palumbo Wealth Management LLC boosted its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 191.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 142,047 shares of the company’s stock after buying an additional 93,277 shares during the period. iShares Bitcoin Trust ETF makes up approximately 2.4% of Palumbo Wealth Management LLC’s investment portfolio, making the stock its 12th largest position. Palumbo Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $9,233,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Sachetta LLC lifted its holdings in shares of iShares Bitcoin Trust ETF by 793.0% during the 3rd quarter. Sachetta LLC now owns 384 shares of the company’s stock worth $25,000 after acquiring an additional 341 shares during the period. Roble Belko & Company Inc raised its position in iShares Bitcoin Trust ETF by 77.2% during the third quarter. Roble Belko & Company Inc now owns 459 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares in the last quarter. Highline Wealth Partners LLC raised its position in iShares Bitcoin Trust ETF by 150.0% during the third quarter. Highline Wealth Partners LLC now owns 500 shares of the company’s stock valued at $32,000 after purchasing an additional 300 shares in the last quarter. Semmax Financial Advisors Inc. lifted its stake in iShares Bitcoin Trust ETF by 135.9% during the second quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock worth $33,000 after purchasing an additional 284 shares during the last quarter. Finally, WFA of San Diego LLC bought a new stake in iShares Bitcoin Trust ETF during the second quarter worth $34,000.

iShares Bitcoin Trust ETF Trading Down 4.9%

Shares of IBIT opened at $36.55 on Tuesday. iShares Bitcoin Trust ETF has a 52-week low of $35.30 and a 52-week high of $71.82. The business’s fifty day moving average is $47.06 and its 200-day moving average is $56.00.

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.