Wedmont Private Capital Increases Holdings in iShares Bitcoin Trust ETF $IBIT

Wedmont Private Capital lifted its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 66.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 48,912 shares of the company’s stock after purchasing an additional 19,540 shares during the quarter. Wedmont Private Capital’s holdings in iShares Bitcoin Trust ETF were worth $2,521,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Chapman Financial Group LLC bought a new stake in shares of iShares Bitcoin Trust ETF during the third quarter valued at about $25,000. Sachetta LLC lifted its stake in iShares Bitcoin Trust ETF by 793.0% in the 3rd quarter. Sachetta LLC now owns 384 shares of the company’s stock worth $25,000 after purchasing an additional 341 shares in the last quarter. Anchor Investment Management LLC boosted its holdings in iShares Bitcoin Trust ETF by 210.3% in the 3rd quarter. Anchor Investment Management LLC now owns 450 shares of the company’s stock valued at $29,000 after purchasing an additional 305 shares during the period. Roble Belko & Company Inc increased its holdings 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 period. Finally, Financial Life Planners purchased a new stake in shares of iShares Bitcoin Trust ETF in the third quarter worth $31,000.

iShares Bitcoin Trust ETF Stock Performance

iShares Bitcoin Trust ETF stock opened at $39.78 on Friday. iShares Bitcoin Trust ETF has a 52 week low of $35.30 and a 52 week high of $71.82. The business has a 50-day simple moving average of $43.03 and a 200 day simple moving average of $52.70.

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.