FSA Investment Group LLC Invests $1.50 Million in iShares Bitcoin Trust ETF $IBIT

FSA Investment Group LLC acquired a new stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 22,423 shares of the company’s stock, valued at approximately $1,497,000. iShares Bitcoin Trust ETF makes up about 0.9% of FSA Investment Group LLC’s investment portfolio, making the stock its 7th largest position.

Several other institutional investors also recently bought and sold shares of IBIT. Sachetta LLC boosted its position in iShares Bitcoin Trust ETF by 793.0% during the 3rd quarter. Sachetta LLC now owns 384 shares of the company’s stock valued at $25,000 after acquiring an additional 341 shares in the last quarter. Signature Resources Capital Management LLC raised its position in shares of iShares Bitcoin Trust ETF by 81.6% in the 2nd quarter. Signature Resources Capital Management LLC now owns 445 shares of the company’s stock worth $27,000 after acquiring an additional 200 shares in the last quarter. RMG Wealth Management LLC purchased a new stake in shares of iShares Bitcoin Trust ETF during the 2nd quarter worth $30,000. Roble Belko & Company Inc boosted 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. Finally, JFS Wealth Advisors LLC boosted its position in iShares Bitcoin Trust ETF by 1,277.1% during the second quarter. JFS Wealth Advisors LLC now owns 482 shares of the company’s stock valued at $30,000 after purchasing an additional 447 shares in the last quarter.

iShares Bitcoin Trust ETF Trading Down 6.4%

Shares of iShares Bitcoin Trust ETF stock opened at $50.76 on Wednesday. The company has a 50-day simple moving average of $51.32 and a two-hundred day simple moving average of $59.94. iShares Bitcoin Trust ETF has a one year low of $42.98 and a one year 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.