Harfst & Associates Inc. Acquires New Position in iShares Bitcoin Trust ETF $IBIT

Harfst & Associates Inc. bought a new position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,342 shares of the company’s stock, valued at approximately $997,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IBIT. StoneX Group Inc. raised its holdings in iShares Bitcoin Trust ETF by 41.2% during the second quarter. StoneX Group Inc. now owns 71,076 shares of the company’s stock worth $4,347,000 after purchasing an additional 20,755 shares in the last quarter. Finer Wealth Management Inc. boosted its stake in iShares Bitcoin Trust ETF by 136.2% during the 2nd quarter. Finer Wealth Management Inc. now owns 39,668 shares of the company’s stock valued at $2,428,000 after purchasing an additional 22,872 shares in the last quarter. Kercheville Advisors LLC increased its position in shares of iShares Bitcoin Trust ETF by 194.4% during the 3rd quarter. Kercheville Advisors LLC now owns 16,853 shares of the company’s stock valued at $1,095,000 after purchasing an additional 11,128 shares during the period. Calamos Wealth Management LLC raised its stake in shares of iShares Bitcoin Trust ETF by 81.0% in the 3rd quarter. Calamos Wealth Management LLC now owns 49,258 shares of the company’s stock worth $3,202,000 after buying an additional 22,045 shares in the last quarter. Finally, Brighton Jones LLC acquired a new stake in shares of iShares Bitcoin Trust ETF in the fourth quarter valued at $711,000.

iShares Bitcoin Trust ETF Stock Down 1.7%

Shares of IBIT stock opened at $51.56 on Thursday. The stock has a 50-day simple moving average of $52.46 and a 200 day simple moving average of $60.45. iShares Bitcoin Trust ETF has a fifty-two week low of $42.98 and a fifty-two week high of $71.82.

iShares Bitcoin Trust ETF 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.