Proathlete Wealth Management LLC Has $9.57 Million Holdings in iShares Bitcoin Trust ETF $IBIT

Proathlete Wealth Management LLC increased its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 20.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 192,217 shares of the company’s stock after purchasing an additional 32,369 shares during the quarter. iShares Bitcoin Trust ETF accounts for 2.6% of Proathlete Wealth Management LLC’s portfolio, making the stock its 8th biggest position. Proathlete Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $9,569,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. McIlrath & Eck LLC raised its stake in shares of iShares Bitcoin Trust ETF by 30.3% during the second quarter. McIlrath & Eck LLC now owns 701 shares of the company’s stock worth $43,000 after buying an additional 163 shares during the last quarter. Vivaldi Capital Management LP raised its stake in shares of iShares Bitcoin Trust ETF by 3.3% during the second quarter. Vivaldi Capital Management LP now owns 5,138 shares of the company’s stock worth $314,000 after buying an additional 163 shares during the last quarter. Howard Capital Management Group LLC raised its stake in shares of iShares Bitcoin Trust ETF by 0.6% during the third quarter. Howard Capital Management Group LLC now owns 25,690 shares of the company’s stock worth $1,670,000 after buying an additional 165 shares during the last quarter. Encompass Wealth Advisors LLC raised its stake in shares of iShares Bitcoin Trust ETF by 2.2% during the third quarter. Encompass Wealth Advisors LLC now owns 7,660 shares of the company’s stock worth $498,000 after buying an additional 165 shares during the last quarter. Finally, Thoroughbred Financial Services LLC raised its stake in shares of iShares Bitcoin Trust ETF by 3.3% during the third quarter. Thoroughbred Financial Services LLC now owns 5,323 shares of the company’s stock worth $345,000 after buying an additional 172 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ IBIT opened at $42.51 on Wednesday. The firm has a 50 day moving average price of $39.63 and a 200 day moving average price of $48.80. iShares Bitcoin Trust ETF has a 52-week low of $35.30 and a 52-week 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.