Gateway Wealth Partners LLC Grows Stock Position in iShares Bitcoin Trust ETF $IBIT

Gateway Wealth Partners LLC boosted its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 122.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 49,660 shares of the company’s stock after buying an additional 27,361 shares during the quarter. Gateway Wealth Partners LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,908,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Marshall & Sterling Wealth Advisors Inc. increased its position in iShares Bitcoin Trust ETF by 12,500.0% during the fourth quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock valued at $25,000 after acquiring an additional 500 shares during the last quarter. Key Capital Management INC purchased a new stake in shares of iShares Bitcoin Trust ETF in the fourth quarter valued at $26,000. Vermillion & White Wealth Management Group LLC lifted its holdings in shares of 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 worth $26,000 after acquiring an additional 459 shares during the last quarter. Sfam LLC bought a new stake in shares of iShares Bitcoin Trust ETF in the 4th quarter worth about $26,000. Finally, Semmax Financial Advisors Inc. lifted its holdings in shares of iShares Bitcoin Trust ETF by 135.9% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock worth $33,000 after acquiring an additional 284 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Down 1.7%

IBIT stock opened at $36.14 on Wednesday. iShares Bitcoin Trust ETF has a 12 month low of $32.84 and a 12 month high of $71.82. The company has a 50-day moving average price of $37.09 and a 200 day moving average price of $40.84.

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.