VitalStone Financial LLC Invests $104,000 in iShares Bitcoin Trust (NASDAQ:IBIT)

VitalStone Financial LLC acquired a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,562 shares of the company’s stock, valued at approximately $104,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IBIT. Manchester Capital Management LLC acquired a new stake in iShares Bitcoin Trust during the 1st quarter worth $279,000. Commonwealth Retirement Investments LLC bought a new position in shares of iShares Bitcoin Trust during the 1st quarter valued at about $445,000. Csenge Advisory Group acquired a new position in shares of iShares Bitcoin Trust in the 1st quarter valued at approximately $569,000. Glassman Wealth Services acquired a new stake in iShares Bitcoin Trust during the 1st quarter worth approximately $355,000. Finally, Embree Financial Group bought a new position in iShares Bitcoin Trust in the first quarter valued at approximately $273,000.

iShares Bitcoin Trust Trading Up 1.2 %

NASDAQ IBIT traded up $0.40 on Friday, reaching $33.10. The company had a trading volume of 7,359,541 shares, compared to its average volume of 31,552,807. The stock’s fifty day moving average price is $36.83. iShares Bitcoin Trust has a 1-year low of $22.02 and a 1-year high of $41.99.

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.