Activest Wealth Management Acquires 9,603 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Activest Wealth Management grew its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 26.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 46,168 shares of the company’s stock after purchasing an additional 9,603 shares during the quarter. iShares Bitcoin Trust comprises approximately 0.7% of Activest Wealth Management’s holdings, making the stock its 20th largest holding. Activest Wealth Management’s holdings in iShares Bitcoin Trust were worth $2,449,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in IBIT. Truist Financial Corp grew its holdings in iShares Bitcoin Trust by 17.2% during the second quarter. Truist Financial Corp now owns 9,801 shares of the company’s stock valued at $335,000 after purchasing an additional 1,436 shares during the period. Sanctuary Advisors LLC acquired a new stake in iShares Bitcoin Trust during the 2nd quarter worth $392,000. Dynamic Advisor Solutions LLC acquired a new stake in iShares Bitcoin Trust during the 3rd quarter worth $247,000. CWM LLC lifted its holdings in iShares Bitcoin Trust by 126.4% during the third quarter. CWM LLC now owns 79,775 shares of the company’s stock worth $2,882,000 after acquiring an additional 44,539 shares in the last quarter. Finally, Octavia Wealth Advisors LLC bought a new stake in shares of iShares Bitcoin Trust in the third quarter worth about $320,000.

iShares Bitcoin Trust Trading Down 1.2 %

NASDAQ:IBIT opened at $54.47 on Monday. The business’s 50-day simple moving average is $56.35 and its 200-day simple moving average is $44.86. iShares Bitcoin Trust has a fifty-two week low of $25.64 and a fifty-two week high of $61.75.

About iShares Bitcoin Trust

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.