Strategic Financial Concepts LLC Buys Shares of 37,517 iShares Bitcoin Trust (NASDAQ:IBIT)

Strategic Financial Concepts LLC bought a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 37,517 shares of the company’s stock, valued at approximately $1,990,000.

Several other institutional investors also recently bought and sold shares of the company. Leo Wealth LLC acquired a new stake in iShares Bitcoin Trust in the fourth quarter valued at approximately $631,000. Encompass Wealth Advisors LLC purchased a new position in shares of iShares Bitcoin Trust in the fourth quarter worth $361,000. Consolidated Portfolio Review Corp purchased a new position in shares of iShares Bitcoin Trust in the fourth quarter worth $343,000. Citrine Capital LLC purchased a new position in shares of iShares Bitcoin Trust in the fourth quarter worth $325,000. Finally, Rik Saylor Financial Inc. purchased a new position in shares of iShares Bitcoin Trust in the fourth quarter worth $2,690,000.

iShares Bitcoin Trust Stock Up 1.7 %

NASDAQ IBIT opened at $55.38 on Tuesday. The company has a fifty day simple moving average of $56.35 and a two-hundred day simple moving average of $44.91. iShares Bitcoin Trust has a 12-month low of $27.51 and a 12-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.