Journey Strategic Wealth LLC Increases Position in iShares Bitcoin Trust ETF $IBIT

Journey Strategic Wealth LLC grew its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 2,526.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 294,121 shares of the company’s stock after buying an additional 282,922 shares during the period. iShares Bitcoin Trust ETF accounts for 0.5% of Journey Strategic Wealth LLC’s portfolio, making the stock its 17th largest position. Journey Strategic Wealth LLC’s holdings in iShares Bitcoin Trust ETF were worth $19,118,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. StoneX Group Inc. lifted its stake in shares of iShares Bitcoin Trust ETF by 41.2% during the second quarter. StoneX Group Inc. now owns 71,076 shares of the company’s stock worth $4,347,000 after buying an additional 20,755 shares during the period. Caprock Group LLC acquired a new position in shares of iShares Bitcoin Trust ETF in the 3rd quarter valued at $1,536,000. Finer Wealth Management Inc. raised its stake in iShares Bitcoin Trust ETF by 136.2% in the 2nd quarter. Finer Wealth Management Inc. now owns 39,668 shares of the company’s stock worth $2,428,000 after acquiring an additional 22,872 shares during the last quarter. Kingstone Capital Partners Texas LLC lifted its position in iShares Bitcoin Trust ETF by 50.6% during the 3rd quarter. Kingstone Capital Partners Texas LLC now owns 64,924 shares of the company’s stock worth $4,220,000 after acquiring an additional 21,815 shares during the period. Finally, Calamos Wealth Management LLC grew its stake in iShares Bitcoin Trust ETF by 81.0% during the 3rd quarter. Calamos Wealth Management LLC now owns 49,258 shares of the company’s stock valued at $3,202,000 after purchasing an additional 22,045 shares during the last quarter.

iShares Bitcoin Trust ETF Price Performance

Shares of IBIT stock opened at $37.19 on Monday. iShares Bitcoin Trust ETF has a fifty-two week low of $35.30 and a fifty-two week high of $71.82. The stock’s 50-day simple moving average is $46.16 and its 200-day simple moving average is $55.15.

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.