iShares Bitcoin Trust ETF $IBIT Position Lifted by Sara Bay Financial

Sara Bay Financial boosted its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 23.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 247,896 shares of the company’s stock after buying an additional 46,623 shares during the period. iShares Bitcoin Trust ETF accounts for approximately 3.7% of Sara Bay Financial’s portfolio, making the stock its 9th biggest holding. Sara Bay Financial’s holdings in iShares Bitcoin Trust ETF were worth $12,353,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sachetta LLC grew its position in shares of iShares Bitcoin Trust ETF by 793.0% during the third quarter. Sachetta LLC now owns 384 shares of the company’s stock worth $25,000 after acquiring an additional 341 shares during the last quarter. Chapman Financial Group LLC purchased a new stake in iShares Bitcoin Trust ETF in the 3rd quarter valued at $25,000. Anchor Investment Management LLC boosted its stake in iShares Bitcoin Trust ETF by 210.3% during the 3rd quarter. Anchor Investment Management LLC now owns 450 shares of the company’s stock worth $29,000 after purchasing an additional 305 shares during the period. Roble Belko & Company Inc grew its position in iShares Bitcoin Trust ETF by 77.2% during the 3rd quarter. Roble Belko & Company Inc now owns 459 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the last quarter. Finally, Financial Life Planners purchased a new position in iShares Bitcoin Trust ETF during the 3rd quarter worth $31,000.

iShares Bitcoin Trust ETF Stock Performance

NASDAQ IBIT opened at $37.97 on Friday. The firm’s fifty day moving average is $40.23 and its two-hundred day moving average is $51.00. iShares Bitcoin Trust ETF has a one year low of $35.30 and a one year high of $71.82.

iShares Bitcoin Trust ETF Company Profile

(Free Report)

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.

Further Reading

• Five stocks we like better than iShares Bitcoin Trust ETF

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