Palumbo Wealth Management LLC Purchases 93,277 Shares of iShares Bitcoin Trust ETF $IBIT

Palumbo Wealth Management LLC lifted its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 191.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 142,047 shares of the company’s stock after buying an additional 93,277 shares during the quarter. iShares Bitcoin Trust ETF comprises 2.4% of Palumbo Wealth Management LLC’s holdings, making the stock its 12th biggest position. Palumbo Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $9,233,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Sachetta LLC raised its stake in iShares Bitcoin Trust ETF by 793.0% in the 3rd quarter. Sachetta LLC now owns 384 shares of the company’s stock worth $25,000 after purchasing an additional 341 shares in the last quarter. Roble Belko & Company Inc grew its position in shares of iShares Bitcoin Trust ETF by 77.2% during the 3rd quarter. Roble Belko & Company Inc now owns 459 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares in the last quarter. Semmax Financial Advisors Inc. increased its holdings in shares of iShares Bitcoin Trust ETF by 135.9% during the second quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock worth $33,000 after purchasing an additional 284 shares during the period. Highline Wealth Partners LLC raised its position 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, WFA of San Diego LLC bought a new stake in shares of iShares Bitcoin Trust ETF in the second quarter valued at approximately $34,000.

iShares Bitcoin Trust ETF Price Performance

Shares of NASDAQ:IBIT opened at $36.55 on Tuesday. The business’s 50 day simple moving average is $47.06 and its 200 day simple moving average is $56.00. iShares Bitcoin Trust ETF has a 1 year low of $35.30 and a 1 year high of $71.82.

iShares Bitcoin Trust ETF 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.