Riggs Asset Managment Co. Inc. Increases Position in iShares Bitcoin Trust ETF $IBIT

Riggs Asset Managment Co. Inc. lifted its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 32.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 114,066 shares of the company’s stock after acquiring an additional 28,265 shares during the period. iShares Bitcoin Trust ETF accounts for 1.6% of Riggs Asset Managment Co. Inc.’s investment portfolio, making the stock its 20th biggest holding. Riggs Asset Managment Co. Inc.’s holdings in iShares Bitcoin Trust ETF were worth $7,414,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Chapman Financial Group LLC acquired a new stake in iShares Bitcoin Trust ETF during the 3rd quarter worth about $25,000. Sachetta LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 793.0% in the third quarter. Sachetta LLC now owns 384 shares of the company’s stock valued at $25,000 after purchasing an additional 341 shares during the period. Roble Belko & Company Inc raised its stake in shares of iShares Bitcoin Trust ETF by 77.2% in the third 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. Semmax Financial Advisors Inc. raised its stake in shares of iShares Bitcoin Trust ETF by 135.9% in the second quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock worth $33,000 after purchasing an additional 284 shares during the last quarter. Finally, Highline Wealth Partners LLC lifted its holdings in shares of iShares Bitcoin Trust ETF by 150.0% during the third quarter. Highline Wealth Partners LLC now owns 500 shares of the company’s stock worth $32,000 after purchasing an additional 300 shares during the period.

iShares Bitcoin Trust ETF Trading Down 4.4%

Shares of NASDAQ IBIT opened at $38.63 on Friday. The business’s 50 day moving average price is $45.16 and its 200 day moving average price is $54.31. iShares Bitcoin Trust ETF has a 52 week low of $35.30 and a 52 week high of $71.82.

About iShares Bitcoin Trust ETF

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.