Concurrent Investment Advisors LLC Buys 11,140 Shares of iShares Bitcoin Trust ETF $IBIT

Concurrent Investment Advisors LLC lifted its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 12.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 103,456 shares of the company’s stock after purchasing an additional 11,140 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $3,444,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC bought a new stake in iShares Bitcoin Trust ETF during the fourth quarter valued at about $711,000. E6 Portfolios LLC purchased a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter worth about $864,000. WealthPlan Investment Management LLC bought a new stake in iShares Bitcoin Trust ETF during the 4th quarter valued at approximately $1,421,000. Harvest Portfolios Group Inc. lifted its holdings in iShares Bitcoin Trust ETF by 17.7% in the 4th quarter. Harvest Portfolios Group Inc. now owns 859,466 shares of the company’s stock worth $42,672,000 after purchasing an additional 129,052 shares in the last quarter. Finally, Garde Capital Inc. boosted its stake in iShares Bitcoin Trust ETF by 860.0% in the 4th quarter. Garde Capital Inc. now owns 157,146 shares of the company’s stock worth $7,802,000 after purchasing an additional 140,777 shares during the period.

iShares Bitcoin Trust ETF Price Performance

Shares of IBIT opened at $45.23 on Tuesday. iShares Bitcoin Trust ETF has a 1 year low of $32.84 and a 1 year high of $71.82. The company has a 50 day simple moving average of $38.30 and a two-hundred day simple moving average of $39.49.

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.