Financial Enhancement Group LLC Purchases 28,415 Shares of iShares Bitcoin Trust ETF $IBIT

Financial Enhancement Group LLC raised its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 36.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 107,387 shares of the company’s stock after acquiring an additional 28,415 shares during the period. Financial Enhancement Group LLC’s holdings in iShares Bitcoin Trust ETF were worth $4,126,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of IBIT. Chapman Financial Group LLC acquired a new stake in shares of iShares Bitcoin Trust ETF during the 3rd quarter worth approximately $25,000. Marshall & Sterling Wealth Advisors Inc. raised its stake in shares of iShares Bitcoin Trust ETF by 12,500.0% in the fourth quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock valued at $25,000 after purchasing an additional 500 shares in the last quarter. Key Capital Management INC acquired a new position in shares of iShares Bitcoin Trust ETF in the fourth quarter valued at $26,000. Vermillion & White Wealth Management Group LLC lifted its position in iShares Bitcoin Trust ETF by 637.5% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 531 shares of the company’s stock worth $26,000 after purchasing an additional 459 shares during the period. Finally, Sfam LLC bought a new position in iShares Bitcoin Trust ETF in the fourth quarter worth $26,000.

iShares Bitcoin Trust ETF Trading Down 4.1%

IBIT opened at $33.87 on Thursday. iShares Bitcoin Trust ETF has a fifty-two week low of $33.41 and a fifty-two week high of $71.82. The firm’s fifty day moving average price is $41.17 and its two-hundred day moving average price is $43.33.

iShares Bitcoin Trust ETF 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.