Magnus Financial Group LLC Grows Position in iShares Bitcoin Trust ETF $IBIT

Magnus Financial Group LLC increased its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 51.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 347,963 shares of the company’s stock after buying an additional 117,500 shares during the quarter. iShares Bitcoin Trust ETF accounts for approximately 1.8% of Magnus Financial Group LLC’s holdings, making the stock its 11th biggest holding. Magnus Financial Group LLC’s holdings in iShares Bitcoin Trust ETF were worth $22,618,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in shares of iShares Bitcoin Trust ETF during the fourth quarter valued at about $711,000. Bison Wealth LLC purchased a new position in iShares Bitcoin Trust ETF during the 4th quarter valued at about $3,140,000. Royal Bank of Canada increased its holdings in iShares Bitcoin Trust ETF by 3.6% during the 1st quarter. Royal Bank of Canada now owns 61,926 shares of the company’s stock valued at $2,898,000 after purchasing an additional 2,148 shares during the period. Jones Financial Companies Lllp raised its position in iShares Bitcoin Trust ETF by 427.2% during the 1st quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock valued at $102,000 after purchasing an additional 1,760 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in iShares Bitcoin Trust ETF by 10.3% in the 2nd quarter. Parallel Advisors LLC now owns 39,448 shares of the company’s stock worth $2,415,000 after buying an additional 3,680 shares during the period.

iShares Bitcoin Trust ETF Price Performance

IBIT opened at $55.44 on Thursday. The stock’s 50 day moving average price is $51.75 and its 200-day moving average price is $60.18. 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.