Udine Wealth Management Inc. Buys 502 Shares of iShares Bitcoin Trust ETF $IBIT

Udine Wealth Management Inc. grew its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 0.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,132 shares of the company’s stock after purchasing an additional 502 shares during the quarter. iShares Bitcoin Trust ETF comprises about 2.1% of Udine Wealth Management Inc.’s holdings, making the stock its 11th biggest holding. Udine Wealth Management Inc.’s holdings in iShares Bitcoin Trust ETF were worth $3,558,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Nemes Rush Group LLC increased its stake in shares of iShares Bitcoin Trust ETF by 13.1% in the 1st quarter. Nemes Rush Group LLC now owns 2,582 shares of the company’s stock worth $121,000 after acquiring an additional 300 shares in the last quarter. Galvin Gaustad & Stein LLC increased its stake in shares of iShares Bitcoin Trust ETF by 158.1% in the 1st quarter. Galvin Gaustad & Stein LLC now owns 12,080 shares of the company’s stock worth $565,000 after acquiring an additional 7,400 shares in the last quarter. Brio Consultants LLC bought a new position in shares of iShares Bitcoin Trust ETF in the 1st quarter worth about $5,308,000. Mather Group LLC. increased its stake in shares of iShares Bitcoin Trust ETF by 164.2% in the 1st quarter. Mather Group LLC. now owns 605 shares of the company’s stock worth $28,000 after acquiring an additional 376 shares in the last quarter. Finally, Brighton Jones LLC bought a new position in shares of iShares Bitcoin Trust ETF in the 4th quarter worth about $711,000.

iShares Bitcoin Trust ETF Trading Down 3.7%

Shares of iShares Bitcoin Trust ETF stock opened at $66.20 on Friday. The company has a 50-day moving average of $65.39 and a 200 day moving average of $60.52. iShares Bitcoin Trust ETF has a 1 year low of $34.94 and a 1 year high of $71.82.

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.