FWG Holdings LLC Has $539,000 Holdings in iShares Bitcoin Trust ETF $IBIT

FWG Holdings LLC lessened its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 60.2% in the 4th quarter, HoldingsChannel reports. The fund owned 11,359 shares of the company’s stock after selling 17,214 shares during the quarter. FWG Holdings LLC’s holdings in iShares Bitcoin Trust ETF were worth $539,000 at the end of the most recent reporting period.

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

iShares Bitcoin Trust ETF Price Performance

NASDAQ:IBIT opened at $44.47 on Monday. iShares Bitcoin Trust ETF has a 1-year low of $35.30 and a 1-year high of $71.82. The business’s 50-day moving average price is $40.40 and its two-hundred day moving average price is $47.61.

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.