iShares Bitcoin Trust (NASDAQ:IBIT) Stock Position Lifted by World Equity Group Inc.

World Equity Group Inc. grew its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 31.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 9,027 shares of the company’s stock after acquiring an additional 2,151 shares during the quarter. World Equity Group Inc.’s holdings in iShares Bitcoin Trust were worth $326,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. FinTrust Capital Advisors LLC bought a new stake in shares of iShares Bitcoin Trust during the 1st quarter worth $26,000. Glass Jacobson Investment Advisors llc bought a new position in iShares Bitcoin Trust during the second quarter worth about $26,000. Asset Dedication LLC raised its position in shares of iShares Bitcoin Trust by 52.4% during the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after purchasing an additional 279 shares during the period. Creekmur Asset Management LLC acquired a new position in shares of iShares Bitcoin Trust during the first quarter worth about $30,000. Finally, International Assets Investment Management LLC acquired a new position in iShares Bitcoin Trust during the second quarter worth $31,000.

iShares Bitcoin Trust Trading Down 2.8 %

Shares of NASDAQ IBIT opened at $38.25 on Tuesday. The stock has a 50 day moving average of $35.87 and a 200-day moving average of $36.08. iShares Bitcoin Trust has a 12 month low of $22.02 and a 12 month high of $41.99.

About iShares Bitcoin Trust

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.