Northeast Financial Consultants Inc Has $7.21 Million Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Northeast Financial Consultants Inc decreased its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 22.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 135,924 shares of the company’s stock after selling 39,293 shares during the period. Northeast Financial Consultants Inc’s holdings in iShares Bitcoin Trust were worth $7,211,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IBIT. Franklin Resources Inc. purchased a new stake in iShares Bitcoin Trust in the 3rd quarter valued at about $1,107,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of iShares Bitcoin Trust by 0.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 88,837 shares of the company’s stock worth $4,713,000 after purchasing an additional 320 shares during the last quarter. Brookstone Capital Management increased its stake in shares of iShares Bitcoin Trust by 2.2% during the 4th quarter. Brookstone Capital Management now owns 191,555 shares of the company’s stock worth $10,162,000 after purchasing an additional 4,173 shares during the last quarter. Capital Investment Advisors LLC purchased a new stake in shares of iShares Bitcoin Trust during the 4th quarter worth approximately $371,000. Finally, Wedmont Private Capital purchased a new stake in shares of iShares Bitcoin Trust during the 4th quarter worth approximately $615,000.

iShares Bitcoin Trust Stock Performance

Shares of IBIT stock opened at $59.62 on Wednesday. The company has a 50 day moving average of $49.91 and a 200-day moving average of $52.17. iShares Bitcoin Trust has a 12-month low of $28.23 and a 12-month high of $61.75.

iShares Bitcoin Trust 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.