SteelPeak Wealth LLC Invests $272,000 in iShares Bitcoin Trust (NASDAQ:IBIT)

SteelPeak Wealth LLC acquired a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,726 shares of the company’s stock, valued at approximately $272,000.

Several other large investors have also recently added to or reduced their stakes in IBIT. Sound Income Strategies LLC purchased a new position in shares of iShares Bitcoin Trust during the 1st quarter valued at $30,000. Salem Investment Counselors Inc. purchased a new position in iShares Bitcoin Trust in the first quarter valued at about $41,000. Catalyst Private Wealth LLC acquired a new position in iShares Bitcoin Trust in the 1st quarter worth about $212,000. Graybill Wealth Management LTD. purchased a new stake in shares of iShares Bitcoin Trust during the 1st quarter worth about $236,000. Finally, Investment Partners Asset Management Inc. bought a new stake in shares of iShares Bitcoin Trust in the 1st quarter valued at approximately $249,000.

iShares Bitcoin Trust Stock Performance

Shares of IBIT opened at $34.14 on Monday. The company’s 50 day simple moving average is $37.18. iShares Bitcoin Trust has a twelve month low of $22.02 and a twelve month high of $41.99.

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.