Taylor & Morgan Wealth Management LLC Boosts Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Taylor & Morgan Wealth Management LLC raised its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 15.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 9,338 shares of the company’s stock after purchasing an additional 1,250 shares during the period. Taylor & Morgan Wealth Management LLC’s holdings in iShares Bitcoin Trust were worth $495,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Asset Dedication LLC raised its position in shares of iShares Bitcoin Trust by 52.4% during the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after purchasing an additional 279 shares during the last quarter. Glass Jacobson Investment Advisors llc increased its position in iShares Bitcoin Trust by 40.2% during the third quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company’s stock worth $38,000 after buying an additional 304 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of iShares Bitcoin Trust by 0.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 88,837 shares of the company’s stock worth $4,713,000 after acquiring an additional 320 shares during the last quarter. Doliver Advisors LP lifted its position in shares of iShares Bitcoin Trust by 4.9% in the third quarter. Doliver Advisors LP now owns 7,558 shares of the company’s stock valued at $273,000 after acquiring an additional 350 shares in the last quarter. Finally, Summit Global Investments lifted its position in shares of iShares Bitcoin Trust by 3.3% in the third quarter. Summit Global Investments now owns 11,214 shares of the company’s stock valued at $405,000 after acquiring an additional 355 shares in the last quarter.

iShares Bitcoin Trust Trading Up 4.4 %

iShares Bitcoin Trust stock opened at $59.62 on Friday. The stock has a 50-day moving average price of $54.88 and a 200 day moving average price of $42.45. iShares Bitcoin Trust has a 52 week low of $22.02 and a 52 week high of $61.75.

iShares Bitcoin Trust 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.