Tenet Wealth Partners LLC Takes $722,000 Position in iShares Bitcoin Trust ETF $IBIT

Tenet Wealth Partners LLC purchased a new position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,630 shares of the company’s stock, valued at approximately $722,000.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC bought a new stake in iShares Bitcoin Trust ETF during the 4th quarter worth approximately $711,000. Bison Wealth LLC bought a new position in iShares Bitcoin Trust ETF in the 4th quarter valued at $3,140,000. Royal Bank of Canada boosted its holdings in iShares Bitcoin Trust ETF by 3.6% in 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 grew its position in shares of 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 in the last quarter. Finally, Sivia Capital Partners LLC purchased a new position in shares of iShares Bitcoin Trust ETF during the 2nd quarter valued at $357,000.

iShares Bitcoin Trust ETF Stock Down 2.4%

iShares Bitcoin Trust ETF stock opened at $45.23 on Friday. iShares Bitcoin Trust ETF has a fifty-two week low of $32.84 and a fifty-two week high of $71.82. The firm’s fifty day moving average price is $38.08 and its 200-day moving average price is $39.44.

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.