7,360 Shares in iShares Bitcoin Trust (NASDAQ:IBIT) Purchased by Modern Wealth Management LLC

Modern Wealth Management LLC acquired a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, Holdings Channel reports. The firm acquired 7,360 shares of the company’s stock, valued at approximately $408,000.

Several other large investors also recently modified their holdings of IBIT. Great Valley Advisor Group Inc. bought a new position in shares of iShares Bitcoin Trust during the 3rd quarter worth approximately $206,000. Cerity Partners LLC grew its position in iShares Bitcoin Trust by 51.9% in the third quarter. Cerity Partners LLC now owns 188,505 shares of the company’s stock valued at $6,811,000 after acquiring an additional 64,396 shares during the period. Brown Brothers Harriman & Co. raised its stake in iShares Bitcoin Trust by 55.9% during the third quarter. Brown Brothers Harriman & Co. now owns 1,985 shares of the company’s stock worth $72,000 after acquiring an additional 712 shares in the last quarter. Townsquare Capital LLC lifted its holdings in shares of iShares Bitcoin Trust by 20.7% during the third quarter. Townsquare Capital LLC now owns 36,627 shares of the company’s stock valued at $1,323,000 after acquiring an additional 6,279 shares during the period. Finally, CreativeOne Wealth LLC boosted its stake in shares of iShares Bitcoin Trust by 97.9% in the 3rd quarter. CreativeOne Wealth LLC now owns 18,957 shares of the company’s stock valued at $685,000 after purchasing an additional 9,376 shares in the last quarter.

iShares Bitcoin Trust Stock Up 0.5 %

IBIT opened at $49.44 on Friday. The firm’s 50-day simple moving average is $52.88 and its 200-day simple moving average is $48.57. iShares Bitcoin Trust has a twelve month low of $28.23 and a twelve month high of $61.75.

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.