Turn8 Private Wealth Inc. Makes New $1.21 Million Investment in iShares Bitcoin Trust ETF $IBIT

Turn8 Private Wealth Inc. acquired a new stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 31,609 shares of the company’s stock, valued at approximately $1,214,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Chapman Financial Group LLC bought a new stake in iShares Bitcoin Trust ETF in the 3rd quarter valued at $25,000. Anchor Investment Management LLC boosted its holdings in shares of iShares Bitcoin Trust ETF by 210.3% during the 3rd quarter. Anchor Investment Management LLC now owns 450 shares of the company’s stock valued at $29,000 after purchasing an additional 305 shares during the last quarter. Financial Life Planners purchased a new position in shares of iShares Bitcoin Trust ETF during the third quarter valued at about $31,000. Semmax Financial Advisors Inc. grew its position 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 valued at $33,000 after purchasing an additional 284 shares in the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. increased its holdings 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 worth $25,000 after purchasing an additional 500 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Performance

NASDAQ:IBIT opened at $34.87 on Friday. iShares Bitcoin Trust ETF has a 12 month low of $32.84 and a 12 month high of $71.82. The business’s 50-day moving average is $39.91 and its 200 day moving average is $42.52.

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.