IFP Advisors Inc Acquires 69,746 Shares of iShares Bitcoin Trust ETF $IBIT

IFP Advisors Inc grew its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 203.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 103,973 shares of the company’s stock after acquiring an additional 69,746 shares during the quarter. IFP Advisors Inc’s holdings in iShares Bitcoin Trust ETF were worth $5,162,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of IBIT. Brighton Jones LLC purchased a new position in shares of iShares Bitcoin Trust ETF during the 4th quarter valued at about $711,000. Bison Wealth LLC purchased a new position in shares of iShares Bitcoin Trust ETF during the 4th quarter valued at about $3,140,000. Royal Bank of Canada raised its holdings in shares of iShares Bitcoin Trust ETF by 3.6% during the 1st quarter. Royal Bank of Canada now owns 61,926 shares of the company’s stock valued at $2,898,000 after buying an additional 2,148 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of iShares Bitcoin Trust ETF by 427.2% during the 1st quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock valued at $102,000 after buying an additional 1,760 shares in the last quarter. Finally, Sivia Capital Partners LLC purchased a new position in shares of iShares Bitcoin Trust ETF during the 2nd quarter valued at about $357,000.

iShares Bitcoin Trust ETF Price Performance

Shares of NASDAQ IBIT opened at $43.99 on Thursday. iShares Bitcoin Trust ETF has a 1-year low of $35.30 and a 1-year high of $71.82. The stock’s 50-day moving average is $41.98 and its 200 day moving average is $46.14.

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.