iShares Bitcoin Trust (NASDAQ:IBIT) Shares Bought by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC lifted its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 7.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 42,502 shares of the company’s stock after purchasing an additional 2,764 shares during the quarter. Kingsview Wealth Management LLC’s holdings in iShares Bitcoin Trust were worth $1,536,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in IBIT. Glass Jacobson Investment Advisors llc acquired a new stake in iShares Bitcoin Trust in the second quarter worth $26,000. Asset Dedication LLC increased its holdings in shares of iShares Bitcoin Trust by 52.4% in the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after acquiring an additional 279 shares during the period. Creekmur Asset Management LLC bought a new stake in iShares Bitcoin Trust in the 1st quarter valued at about $30,000. International Assets Investment Management LLC acquired a new position in iShares Bitcoin Trust during the 2nd quarter valued at about $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in iShares Bitcoin Trust in the 2nd quarter worth about $36,000.

iShares Bitcoin Trust Stock Performance

Shares of NASDAQ:IBIT opened at $54.02 on Tuesday. The firm’s 50 day moving average is $40.92 and its two-hundred day moving average is $37.58. iShares Bitcoin Trust has a 52 week low of $22.02 and a 52 week high of $56.86.

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.