IFP Advisors Inc Buys 69,746 Shares of iShares Bitcoin Trust ETF $IBIT

IFP Advisors Inc boosted its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 203.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 103,973 shares of the company’s stock after purchasing an additional 69,746 shares during the quarter. IFP Advisors Inc’s holdings in iShares Bitcoin Trust ETF were worth $5,162,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in IBIT. Brighton Jones LLC bought a new position in iShares Bitcoin Trust ETF in the 4th quarter worth about $711,000. Bison Wealth LLC bought a new position in iShares Bitcoin Trust ETF in the 4th quarter worth about $3,140,000. Royal Bank of Canada boosted its stake in iShares Bitcoin Trust ETF by 3.6% in the 1st quarter. Royal Bank of Canada now owns 61,926 shares of the company’s stock worth $2,898,000 after purchasing an additional 2,148 shares during the period. Jones Financial Companies Lllp boosted its stake in iShares Bitcoin Trust ETF by 427.2% in the 1st quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock worth $102,000 after purchasing an additional 1,760 shares during the period. Finally, Sivia Capital Partners LLC bought a new position in iShares Bitcoin Trust ETF in the 2nd quarter worth about $357,000.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ IBIT opened at $43.99 on Thursday. iShares Bitcoin Trust ETF has a 52 week low of $35.30 and a 52 week high of $71.82. The business has a 50-day simple moving average of $41.98 and a two-hundred day simple moving average of $46.14.

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.