Concurrent Investment Advisors LLC Acquires New Position in iShares Bitcoin Trust (IBIT) – Form 13F Filing Update

Concurrent Investment Advisors LLC recently made a significant move by acquiring a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT). The institutional investor purchased 6,704 shares of the company’s stock, valued at approximately $271,000. This acquisition comes as part of a larger trend, with other institutional investors and hedge funds also making changes to their positions in IBIT.

FinTrust Capital Advisors LLC, Sound Income Strategies LLC, Hazlett Burt & Watson Inc., Bfsg LLC, and Salem Investment Counselors Inc. all acquired new stakes in iShares Bitcoin Trust during the first quarter of the year. These investments range from $26,000 to $41,000, showcasing a growing interest in the cryptocurrency market.

The news of these acquisitions has had a positive impact on iShares Bitcoin Trust, with the stock trading up 2.8% on Wednesday. IBIT has a fifty-two week low of $22.02 and a high of $41.99, with a 50-day simple moving average of $36.79. The fund, launched in 2024 and issued by BlackRock, primarily invests in long BTC and short USD currency.

Investors looking to stay updated on the latest developments with iShares Bitcoin Trust can visit HoldingsChannel.com for the most recent 13F filings and insider trades. Additionally, they can sign up to receive daily news and ratings for IBIT through MarketBeat.com’s free email newsletter.