Creative Planning Raises Stock Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Creative Planning raised its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 0.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 186,104 shares of the company’s stock after purchasing an additional 1,632 shares during the quarter. Creative Planning’s holdings in iShares Bitcoin Trust were worth $6,724,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Sound Income Strategies LLC bought a new position in iShares Bitcoin Trust during the first quarter valued at approximately $30,000. Brookstone Capital Management bought a new position in shares of iShares Bitcoin Trust during the 1st quarter valued at $7,017,000. Sovereign Financial Group Inc. purchased a new position in shares of iShares Bitcoin Trust in the 1st quarter worth $580,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of iShares Bitcoin Trust in the first quarter worth $3,416,000. Finally, Financial Management Professionals Inc. purchased a new stake in iShares Bitcoin Trust during the first quarter valued at $282,000.

iShares Bitcoin Trust Price Performance

IBIT stock opened at $37.81 on Thursday. The business’s 50-day moving average is $35.06 and its two-hundred day moving average is $36.00. iShares Bitcoin Trust has a fifty-two week low of $22.02 and a fifty-two week high of $41.99.

iShares Bitcoin Trust Company 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.