Financial Enhancement Group LLC Has $4.13 Million Stock Holdings in iShares Bitcoin Trust ETF $IBIT

Financial Enhancement Group LLC boosted its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 36.0% in the first quarter, Holdings Channel reports. The firm owned 107,387 shares of the company’s stock after purchasing an additional 28,415 shares during the quarter. Financial Enhancement Group LLC’s holdings in iShares Bitcoin Trust ETF were worth $4,126,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in IBIT. Chapman Financial Group LLC bought a new stake in shares of iShares Bitcoin Trust ETF in the 3rd quarter valued at approximately $25,000. Marshall & Sterling Wealth Advisors Inc. lifted its position in shares of iShares Bitcoin Trust ETF by 12,500.0% during the 4th quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock worth $25,000 after buying an additional 500 shares during the period. Key Capital Management INC bought a new position in shares of iShares Bitcoin Trust ETF during the 4th quarter worth approximately $26,000. Vermillion & White Wealth Management Group LLC boosted its stake in iShares Bitcoin Trust ETF by 637.5% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 531 shares of the company’s stock valued at $26,000 after buying an additional 459 shares in the last quarter. Finally, Sfam LLC acquired a new stake in iShares Bitcoin Trust ETF in the 4th quarter valued at $26,000.

iShares Bitcoin Trust ETF Trading Down 4.1%

Shares of NASDAQ:IBIT opened at $33.87 on Thursday. The business’s fifty day moving average price is $41.17 and its two-hundred day moving average price is $43.33. iShares Bitcoin Trust ETF has a fifty-two week low of $33.41 and a fifty-two week high of $71.82.

iShares Bitcoin Trust ETF Company 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.