iShares Bitcoin Trust ETF $IBIT Stake Raised by Foundation Wealth Management LLC

Foundation Wealth Management LLC lifted its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 7.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,910 shares of the company’s stock after purchasing an additional 5,986 shares during the quarter. iShares Bitcoin Trust ETF accounts for approximately 3.8% of Foundation Wealth Management LLC’s holdings, making the stock its 5th biggest position. Foundation Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $5,442,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of IBIT. Nemes Rush Group LLC lifted its stake in shares of iShares Bitcoin Trust ETF by 13.1% in the first quarter. Nemes Rush Group LLC now owns 2,582 shares of the company’s stock worth $121,000 after buying an additional 300 shares in the last quarter. Galvin Gaustad & Stein LLC boosted its stake in shares of iShares Bitcoin Trust ETF by 158.1% in the 1st quarter. Galvin Gaustad & Stein LLC now owns 12,080 shares of the company’s stock worth $565,000 after buying an additional 7,400 shares during the last quarter. Brio Consultants LLC purchased a new position in shares of iShares Bitcoin Trust ETF in the 1st quarter worth $5,308,000. Mather Group LLC. grew its holdings in shares of iShares Bitcoin Trust ETF by 164.2% in the first quarter. Mather Group LLC. now owns 605 shares of the company’s stock worth $28,000 after acquiring an additional 376 shares during the period. Finally, Brighton Jones LLC purchased a new stake in iShares Bitcoin Trust ETF during the fourth quarter valued at $711,000.

iShares Bitcoin Trust ETF Price Performance

Shares of NASDAQ:IBIT opened at $71.29 on Tuesday. The stock’s 50-day simple moving average is $65.18 and its two-hundred day simple moving average is $60.07. iShares Bitcoin Trust ETF has a 52-week low of $33.47 and a 52-week high of $71.82.

About iShares Bitcoin Trust ETF

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.