IMG Wealth Management Inc. Buys 198 Shares of iShares Bitcoin Trust ETF $IBIT

IMG Wealth Management Inc. grew its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 5.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,553 shares of the company’s stock after buying an additional 198 shares during the quarter. IMG Wealth Management Inc.’s holdings in iShares Bitcoin Trust ETF were worth $217,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of IBIT. American Capital Advisory LLC grew its stake in shares of iShares Bitcoin Trust ETF by 144.7% during the first quarter. American Capital Advisory LLC now owns 553 shares of the company’s stock valued at $26,000 after buying an additional 327 shares during the last quarter. Signature Resources Capital Management LLC grew its stake in shares of iShares Bitcoin Trust ETF by 81.6% during the second quarter. Signature Resources Capital Management LLC now owns 445 shares of the company’s stock valued at $27,000 after buying an additional 200 shares during the last quarter. Mather Group LLC. grew its stake in shares of iShares Bitcoin Trust ETF by 164.2% during the first quarter. Mather Group LLC. now owns 605 shares of the company’s stock valued at $28,000 after buying an additional 376 shares during the last quarter. Berbice Capital Management LLC grew its stake in shares of iShares Bitcoin Trust ETF by 100.0% during the first quarter. Berbice Capital Management LLC now owns 600 shares of the company’s stock valued at $28,000 after buying an additional 300 shares during the last quarter. Finally, Smallwood Wealth Investment Management LLC bought a new position in shares of iShares Bitcoin Trust ETF during the first quarter valued at about $30,000.

iShares Bitcoin Trust ETF Stock Up 4.1%

Shares of NASDAQ:IBIT opened at $62.93 on Tuesday. The stock’s 50-day moving average price is $65.03 and its 200-day moving average price is $61.24. iShares Bitcoin Trust ETF has a 12-month low of $37.09 and a 12-month high of $71.82.

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.