Kingsman Wealth Management Inc. Invests $849,000 in iShares Bitcoin Trust ETF $IBIT

Kingsman Wealth Management Inc. bought a new stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 13,069 shares of the company’s stock, valued at approximately $849,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IBIT. Evermay Wealth Management LLC boosted its position in shares of iShares Bitcoin Trust ETF by 15.8% in the second quarter. Evermay Wealth Management LLC now owns 1,100 shares of the company’s stock valued at $67,000 after acquiring an additional 150 shares during the period. McIlrath & Eck LLC increased its position in 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 acquiring an additional 163 shares during the period. Vivaldi Capital Management LP raised its stake in iShares Bitcoin Trust ETF by 3.3% during the 2nd quarter. Vivaldi Capital Management LP now owns 5,138 shares of the company’s stock valued at $314,000 after purchasing an additional 163 shares during the last quarter. Howard Capital Management Group LLC boosted its holdings in iShares Bitcoin Trust ETF by 0.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 25,690 shares of the company’s stock valued at $1,670,000 after purchasing an additional 165 shares during the period. Finally, Global Wealth Strategies & Associates grew its position in iShares Bitcoin Trust ETF by 8.3% in the 3rd quarter. Global Wealth Strategies & Associates now owns 2,266 shares of the company’s stock worth $147,000 after purchasing an additional 173 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Performance

NASDAQ:IBIT opened at $49.83 on Wednesday. The firm’s 50-day moving average is $53.89 and its 200-day moving average is $60.80. iShares Bitcoin Trust ETF has a 52-week low of $42.98 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.