WealthShield Partners LLC Buys 11,879 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

WealthShield Partners LLC boosted its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 85.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 25,805 shares of the company’s stock after acquiring an additional 11,879 shares during the period. WealthShield Partners LLC’s holdings in iShares Bitcoin Trust were worth $1,369,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in IBIT. International Assets Investment Management LLC increased its stake in iShares Bitcoin Trust by 3,513.0% during the 3rd quarter. International Assets Investment Management LLC now owns 32,517 shares of the company’s stock worth $1,175,000 after acquiring an additional 31,617 shares during the period. Dakota Wealth Management increased its stake in shares of iShares Bitcoin Trust by 6.2% in the 3rd quarter. Dakota Wealth Management now owns 61,418 shares of the company’s stock valued at $2,219,000 after purchasing an additional 3,592 shares during the last quarter. Pettinga Financial Advisors LLC increased its stake in shares of iShares Bitcoin Trust by 34.8% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 8,630 shares of the company’s stock valued at $312,000 after purchasing an additional 2,230 shares during the last quarter. Joel Isaacson & Co. LLC bought a new position in shares of iShares Bitcoin Trust in the 3rd quarter valued at $253,000. Finally, Allworth Financial LP increased its stake in shares of iShares Bitcoin Trust by 20.2% in the 3rd quarter. Allworth Financial LP now owns 18,999 shares of the company’s stock valued at $686,000 after purchasing an additional 3,188 shares during the last quarter.

iShares Bitcoin Trust Trading Down 3.7 %

Shares of IBIT opened at $53.94 on Monday. iShares Bitcoin Trust has a 52-week low of $28.23 and a 52-week high of $61.75. The business’s fifty day moving average is $56.07 and its 200-day moving average is $46.27.

About iShares Bitcoin Trust

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.