Wealthcare Advisory Partners LLC Invests $483,000 in iShares Bitcoin Trust (NASDAQ:IBIT)

Wealthcare Advisory Partners LLC acquired a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,106 shares of the company’s stock, valued at approximately $483,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Asset Dedication LLC raised its position in shares of iShares Bitcoin Trust by 52.4% during the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after acquiring an additional 279 shares during the last quarter. Glass Jacobson Investment Advisors llc grew its holdings in shares of iShares Bitcoin Trust by 40.2% during the third quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company’s stock worth $38,000 after buying an additional 304 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in iShares Bitcoin Trust by 0.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 88,837 shares of the company’s stock valued at $4,713,000 after purchasing an additional 320 shares in the last quarter. Doliver Advisors LP grew its stake in iShares Bitcoin Trust by 4.9% in the third quarter. Doliver Advisors LP now owns 7,558 shares of the company’s stock valued at $273,000 after purchasing an additional 350 shares in the last quarter. Finally, Summit Global Investments grew its position in shares of iShares Bitcoin Trust by 3.3% in the 3rd quarter. Summit Global Investments now owns 11,214 shares of the company’s stock valued at $405,000 after acquiring an additional 355 shares during the period.

iShares Bitcoin Trust Price Performance

IBIT stock opened at $59.62 on Tuesday. The business’s 50 day simple moving average is $55.08 and its 200 day simple moving average is $42.69. iShares Bitcoin Trust has a 1-year low of $22.02 and a 1-year high of $61.75.

About iShares Bitcoin Trust

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.