Kennedy Investment Group Acquires New Position in iShares Bitcoin Trust ETF $IBIT

Kennedy Investment Group bought a new position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 21,109 shares of the company’s stock, valued at approximately $1,048,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Chapman Financial Group LLC acquired a new stake in shares of iShares Bitcoin Trust ETF during the third quarter worth $25,000. Anchor Investment Management LLC lifted its stake in iShares Bitcoin Trust ETF by 210.3% in the third quarter. Anchor Investment Management LLC now owns 450 shares of the company’s stock valued at $29,000 after buying an additional 305 shares during the period. Financial Life Planners acquired a new position in iShares Bitcoin Trust ETF in the third quarter valued at about $31,000. Semmax Financial Advisors Inc. boosted its holdings in 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 buying an additional 284 shares during the last quarter. Finally, Key Capital Management INC bought a new position in iShares Bitcoin Trust ETF during the fourth quarter worth about $26,000.

iShares Bitcoin Trust ETF Stock Performance

iShares Bitcoin Trust ETF stock opened at $43.50 on Wednesday. The business has a 50-day moving average of $41.89 and a 200-day moving average of $46.26. iShares Bitcoin Trust ETF has a 1 year low of $35.30 and a 1 year high of $71.82.

About iShares Bitcoin Trust ETF

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.