Geneva Partners LLC Has $6.73 Million Position in iShares Bitcoin Trust ETF $IBIT

Geneva Partners LLC raised its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 43.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 103,634 shares of the company’s stock after acquiring an additional 31,268 shares during the quarter. iShares Bitcoin Trust ETF makes up 2.5% of Geneva Partners LLC’s portfolio, making the stock its 15th largest holding. Geneva Partners LLC’s holdings in iShares Bitcoin Trust ETF were worth $6,726,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. McIlrath & Eck LLC boosted its position in iShares Bitcoin Trust ETF by 30.3% in the second quarter. McIlrath & Eck LLC now owns 701 shares of the company’s stock valued at $43,000 after buying an additional 163 shares in the last quarter. Vivaldi Capital Management LP raised its stake in shares of iShares Bitcoin Trust ETF by 3.3% in the second quarter. Vivaldi Capital Management LP now owns 5,138 shares of the company’s stock valued at $314,000 after acquiring an additional 163 shares during the last quarter. Howard Capital Management Group LLC raised its stake in shares of iShares Bitcoin Trust ETF by 0.6% in the third quarter. Howard Capital Management Group LLC now owns 25,690 shares of the company’s stock valued at $1,670,000 after acquiring an additional 165 shares during the last quarter. Encompass Wealth Advisors LLC boosted its holdings in shares of iShares Bitcoin Trust ETF by 2.2% in the 3rd quarter. Encompass Wealth Advisors LLC now owns 7,660 shares of the company’s stock worth $498,000 after acquiring an additional 165 shares in the last quarter. Finally, Thoroughbred Financial Services LLC grew its position in iShares Bitcoin Trust ETF by 3.3% during the 3rd quarter. Thoroughbred Financial Services LLC now owns 5,323 shares of the company’s stock worth $345,000 after acquiring an additional 172 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Down 2.8%

IBIT stock opened at $37.19 on Monday. The business has a fifty day moving average price of $46.16 and a 200 day moving average price of $55.15. iShares Bitcoin Trust ETF has a fifty-two week low of $35.30 and a fifty-two 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.