Duncan Williams Asset Management LLC Invests $383,000 in iShares Bitcoin Trust (NASDAQ:IBIT)

Duncan Williams Asset Management LLC purchased a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the third quarter, HoldingsChannel reports. The institutional investor purchased 10,600 shares of the company’s stock, valued at approximately $383,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Signal Advisors Wealth LLC acquired a new stake in shares of iShares Bitcoin Trust in the first quarter valued at $832,000. LexAurum Advisors LLC acquired a new stake in iShares Bitcoin Trust in the 1st quarter valued at about $485,000. Salem Investment Counselors Inc. bought a new position in shares of iShares Bitcoin Trust during the 1st quarter valued at about $41,000. Catalyst Private Wealth LLC acquired a new position in shares of iShares Bitcoin Trust in the 1st quarter worth approximately $212,000. Finally, Traynor Capital Management Inc. bought a new stake in shares of iShares Bitcoin Trust in the 1st quarter worth approximately $3,666,000.

iShares Bitcoin Trust Price Performance

IBIT stock opened at $34.72 on Friday. iShares Bitcoin Trust has a 12 month low of $22.02 and a 12 month high of $41.99. The firm has a 50 day simple moving average of $34.46 and a 200 day simple moving average of $36.18.

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.