Graybill Wealth Management LTD. Takes Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Graybill Wealth Management LTD. purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 5,825 shares of the company’s stock, valued at approximately $210,000.

Other institutional investors have also bought and sold shares of the company. Salem Investment Counselors Inc. bought a new stake in iShares Bitcoin Trust during the first quarter worth $41,000. Sound Income Strategies LLC bought a new stake in iShares Bitcoin Trust during the 1st quarter worth approximately $30,000. Kingswood Wealth Advisors LLC purchased a new stake in shares of iShares Bitcoin Trust in the first quarter worth $3,983,000. Financial Enhancement Group LLC bought a new stake in shares of iShares Bitcoin Trust during the 1st quarter valued at about $2,943,000. Finally, Brookstone Capital Management bought a new stake in iShares Bitcoin Trust during the first quarter valued at approximately $7,017,000.

iShares Bitcoin Trust Trading Down 0.4 %

NASDAQ IBIT traded down $0.14 during trading hours on Tuesday, reaching $38.43. 6,494,147 shares of the stock traded hands, compared to its average volume of 30,197,707. iShares Bitcoin Trust has a 1 year low of $22.02 and a 1 year high of $41.99. The stock has a 50 day simple moving average of $34.90 and a two-hundred day simple moving average of $35.99.

iShares Bitcoin Trust 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.