Merit Financial Group LLC Grows Stock Holdings in iShares Bitcoin Trust ETF $IBIT

Merit Financial Group LLC lifted its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 89.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 73,236 shares of the company’s stock after buying an additional 34,556 shares during the quarter. Merit Financial Group LLC’s holdings in iShares Bitcoin Trust ETF were worth $4,760,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Signature Resources Capital Management LLC increased its holdings in iShares Bitcoin Trust ETF by 81.6% in the 2nd quarter. Signature Resources Capital Management LLC now owns 445 shares of the company’s stock valued at $27,000 after purchasing an additional 200 shares in the last quarter. RMG Wealth Management LLC purchased a new stake in shares of iShares Bitcoin Trust ETF in the second quarter worth about $30,000. JFS Wealth Advisors LLC grew its stake in shares of iShares Bitcoin Trust ETF by 1,277.1% in the second quarter. JFS Wealth Advisors LLC now owns 482 shares of the company’s stock valued at $30,000 after buying an additional 447 shares in the last quarter. Highline Wealth Partners LLC grew its stake in shares of iShares Bitcoin Trust ETF by 150.0% in the third quarter. Highline Wealth Partners LLC now owns 500 shares of the company’s stock valued at $32,000 after buying an additional 300 shares in the last quarter. Finally, Semmax Financial Advisors Inc. raised its holdings in shares of iShares Bitcoin Trust ETF by 135.9% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock valued at $33,000 after buying an additional 284 shares during the period.

iShares Bitcoin Trust ETF Price Performance

iShares Bitcoin Trust ETF stock opened at $49.65 on Friday. iShares Bitcoin Trust ETF has a one year low of $42.98 and a one year high of $71.82. The stock’s 50 day moving average price is $53.40 and its 200 day moving average price is $60.65.

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.