iShares Bitcoin Trust ETF $IBIT Shares Purchased by Friday Financial

Friday Financial lifted its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 165.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,014 shares of the company’s stock after buying an additional 28,652 shares during the quarter. iShares Bitcoin Trust ETF makes up about 0.8% of Friday Financial’s investment portfolio, making the stock its 24th largest holding. Friday Financial’s holdings in iShares Bitcoin Trust ETF were worth $2,285,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. McCollum Christoferson Group LLC raised its holdings in iShares Bitcoin Trust ETF by 41.0% in the fourth quarter. McCollum Christoferson Group LLC now owns 9,372 shares of the company’s stock valued at $465,000 after acquiring an additional 2,727 shares in the last quarter. Dynamic Advisor Solutions LLC grew its holdings in iShares Bitcoin Trust ETF by 147.1% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 101,623 shares of the company’s stock worth $5,046,000 after acquiring an additional 60,503 shares in the last quarter. Elevation Wealth Partners LLC increased its position in shares of iShares Bitcoin Trust ETF by 764.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 1,055 shares of the company’s stock worth $52,000 after purchasing an additional 933 shares during the last quarter. Asempa Wealth Advisors bought a new stake in shares of iShares Bitcoin Trust ETF in the 4th quarter worth about $325,000. Finally, Baker Tilly Wealth Management LLC acquired a new stake in shares of iShares Bitcoin Trust ETF in the 4th quarter valued at about $754,000.

iShares Bitcoin Trust ETF Trading Up 0.7%

NASDAQ:IBIT opened at $40.05 on Tuesday. iShares Bitcoin Trust ETF has a one year low of $35.30 and a one year high of $71.82. The stock has a 50-day simple moving average of $42.79 and a 200 day simple moving average of $52.46.

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.