Spire Wealth Management Lowers Stake in iShares Bitcoin Trust ETF $IBIT

Spire Wealth Management cut its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 88.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,941 shares of the company’s stock after selling 87,272 shares during the period. Spire Wealth Management’s holdings in iShares Bitcoin Trust ETF were worth $543,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Chapman Financial Group LLC acquired a new position in iShares Bitcoin Trust ETF in the 3rd quarter worth about $25,000. Sachetta LLC grew its holdings in iShares Bitcoin Trust ETF by 793.0% in the third quarter. Sachetta LLC now owns 384 shares of the company’s stock valued at $25,000 after purchasing an additional 341 shares during the period. Anchor Investment Management LLC grew its holdings 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 purchasing an additional 305 shares during the period. Roble Belko & Company Inc increased its position in shares of iShares Bitcoin Trust ETF by 77.2% in the third quarter. Roble Belko & Company Inc now owns 459 shares of the company’s stock valued at $30,000 after buying an additional 200 shares in the last quarter. Finally, Financial Life Planners purchased a new stake in shares of iShares Bitcoin Trust ETF in the third quarter valued at approximately $31,000.

iShares Bitcoin Trust ETF Stock Up 0.6%

Shares of IBIT stock opened at $38.64 on Thursday. iShares Bitcoin Trust ETF has a 1-year low of $35.30 and a 1-year high of $71.82. The stock has a 50 day simple moving average of $40.74 and a 200-day simple moving average of $51.29.

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.