Private Wealth Asset Management LLC Grows Position in iShares Bitcoin Trust ETF $IBIT

Private Wealth Asset Management LLC lifted its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 532.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,472 shares of the company’s stock after buying an additional 20,601 shares during the quarter. Private Wealth Asset Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,215,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. WCG Wealth Advisors LLC lifted its holdings in shares of iShares Bitcoin Trust ETF by 107.9% in the fourth quarter. WCG Wealth Advisors LLC now owns 26,346 shares of the company’s stock worth $1,308,000 after buying an additional 13,675 shares in the last quarter. Avestar Capital LLC lifted its holdings in shares of iShares Bitcoin Trust ETF by 158.6% in the fourth quarter. Avestar Capital LLC now owns 241,928 shares of the company’s stock worth $12,012,000 after buying an additional 148,358 shares in the last quarter. Harfst & Associates Inc. lifted its holdings in shares of iShares Bitcoin Trust ETF by 5.3% in the fourth quarter. Harfst & Associates Inc. now owns 16,149 shares of the company’s stock worth $802,000 after buying an additional 807 shares in the last quarter. Fiduciary Family Office LLC lifted its holdings in shares of iShares Bitcoin Trust ETF by 104.4% in the fourth quarter. Fiduciary Family Office LLC now owns 24,120 shares of the company’s stock worth $1,198,000 after buying an additional 12,320 shares in the last quarter. Finally, Winthrop Capital Management LLC lifted its holdings in shares of iShares Bitcoin Trust ETF by 85.2% in the fourth quarter. Winthrop Capital Management LLC now owns 2,394 shares of the company’s stock worth $119,000 after buying an additional 1,101 shares in the last quarter.

iShares Bitcoin Trust ETF Price Performance

IBIT stock opened at $37.01 on Thursday. iShares Bitcoin Trust ETF has a one year low of $35.30 and a one year high of $71.82. The company’s fifty day moving average price is $42.23 and its 200-day moving average price is $44.94.

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.