National Wealth Management Group LLC Invests $924,000 in iShares Bitcoin Trust ETF $IBIT

National Wealth Management Group LLC bought a new stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the third quarter, Holdings Channel.com reports. The fund bought 14,221 shares of the company’s stock, valued at approximately $924,000.

Other institutional investors also recently added to or reduced their stakes in the company. Evermay Wealth Management LLC raised its stake in iShares Bitcoin Trust ETF by 15.8% during the 2nd quarter. Evermay Wealth Management LLC now owns 1,100 shares of the company’s stock valued at $67,000 after purchasing an additional 150 shares during the last quarter. McIlrath & Eck LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 30.3% during the 2nd quarter. McIlrath & Eck LLC now owns 701 shares of the company’s stock worth $43,000 after purchasing an additional 163 shares during the period. Vivaldi Capital Management LP increased its holdings in shares of iShares Bitcoin Trust ETF by 3.3% during the 2nd quarter. Vivaldi Capital Management LP now owns 5,138 shares of the company’s stock worth $314,000 after purchasing an additional 163 shares during the period. Howard Capital Management Group LLC lifted its stake in shares of iShares Bitcoin Trust ETF by 0.6% in the third quarter. Howard Capital Management Group LLC now owns 25,690 shares of the company’s stock valued at $1,670,000 after buying an additional 165 shares during the period. Finally, Encompass Wealth Advisors LLC grew its position in iShares Bitcoin Trust ETF by 2.2% during the third quarter. Encompass Wealth Advisors LLC now owns 7,660 shares of the company’s stock worth $498,000 after buying an additional 165 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Performance

Shares of IBIT opened at $50.70 on Monday. The stock’s 50-day moving average price is $51.04 and its 200 day moving average price is $59.69. iShares Bitcoin Trust ETF has a 12-month low of $42.98 and a 12-month 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.