Maripau Wealth Management LLC Buys 4,395 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Maripau Wealth Management LLC lifted its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 11.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,262 shares of the company’s stock after purchasing an additional 4,395 shares during the quarter. iShares Bitcoin Trust comprises about 1.4% of Maripau Wealth Management LLC’s portfolio, making the stock its 22nd biggest position. Maripau Wealth Management LLC’s holdings in iShares Bitcoin Trust were worth $1,563,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Salem Investment Counselors Inc. acquired a new stake in iShares Bitcoin Trust in the 1st quarter worth about $41,000. Sound Income Strategies LLC purchased a new stake in iShares Bitcoin Trust in the first quarter valued at approximately $30,000. Kingswood Wealth Advisors LLC acquired a new stake in shares of iShares Bitcoin Trust in the first quarter valued at $3,983,000. Financial Enhancement Group LLC purchased a new position in shares of iShares Bitcoin Trust in the 1st quarter valued at about $2,943,000. Finally, Brookstone Capital Management acquired a new position in iShares Bitcoin Trust during the 1st quarter worth approximately $7,017,000.

iShares Bitcoin Trust Trading Down 0.6 %

Shares of iShares Bitcoin Trust stock traded down $0.23 during trading hours on Tuesday, hitting $38.34. The company had a trading volume of 15,364,322 shares, compared to its average volume of 30,242,963. iShares Bitcoin Trust has a twelve month low of $22.02 and a twelve month high of $41.99. The company’s 50-day moving average is $34.90 and its two-hundred day moving average is $35.99.

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.