Fiduciary Alliance LLC Makes New Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Fiduciary Alliance LLC bought a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 135,350 shares of the company’s stock, valued at approximately $5,380,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Brookstone Capital Management bought a new position in shares of iShares Bitcoin Trust in the 1st quarter worth $7,017,000. Traynor Capital Management Inc. purchased a new position in iShares Bitcoin Trust in the 1st quarter worth $3,666,000. Kingswood Wealth Advisors LLC purchased a new stake in iShares Bitcoin Trust in the first quarter valued at approximately $3,983,000. Salem Investment Counselors Inc. acquired a new stake in shares of iShares Bitcoin Trust in the first quarter worth $41,000. Finally, Epiq Partners LLC purchased a new position in shares of iShares Bitcoin Trust during the 1st quarter valued at about $4,207,000.

iShares Bitcoin Trust Stock Performance

IBIT traded down $0.84 on Friday, reaching $34.14. The stock had a trading volume of 18,313,090 shares, compared to its average volume of 32,399,723. iShares Bitcoin Trust has a 12-month low of $22.02 and a 12-month high of $41.99. The company has a 50-day moving average price of $37.18.

iShares Bitcoin Trust 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.