Thryve Wealth Management LLC Makes New Investment in iShares Bitcoin Trust ETF $IBIT

Thryve Wealth Management LLC bought a new position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the 4th quarter, HoldingsChannel reports. The fund bought 16,420 shares of the company’s stock, valued at approximately $815,000.

A number of other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC purchased a new position in shares of iShares Bitcoin Trust ETF in the 4th quarter worth $711,000. Concentrum Wealth Management increased its position in iShares Bitcoin Trust ETF by 16.8% during the third quarter. Concentrum Wealth Management now owns 133,870 shares of the company’s stock valued at $8,702,000 after acquiring an additional 19,269 shares during the last quarter. Procyon Advisors LLC increased its position in iShares Bitcoin Trust ETF by 920.1% during the fourth quarter. Procyon Advisors LLC now owns 227,604 shares of the company’s stock valued at $11,301,000 after acquiring an additional 205,292 shares during the last quarter. Step Capital Management Pte. Ltd. bought a new position in iShares Bitcoin Trust ETF in the fourth quarter valued at about $3,724,000. Finally, Columbus Macro LLC lifted its holdings in iShares Bitcoin Trust ETF by 77.0% in the fourth quarter. Columbus Macro LLC now owns 32,830 shares of the company’s stock valued at $1,630,000 after acquiring an additional 14,284 shares during the period.

iShares Bitcoin Trust ETF Price Performance

Shares of NASDAQ:IBIT opened at $35.62 on Friday. The stock’s 50-day simple moving average is $41.64 and its two-hundred day simple moving average is $43.78. iShares Bitcoin Trust ETF has a 52-week low of $33.48 and a 52-week 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.