HBK Sorce Advisory LLC Makes New $243,000 Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

HBK Sorce Advisory LLC acquired a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 6,003 shares of the company’s stock, valued at approximately $243,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IBIT. Monolith Management Ltd purchased a new stake in iShares Bitcoin Trust during the first quarter valued at approximately $24,416,000. Quattro Financial Advisors LLC purchased a new stake in iShares Bitcoin Trust during the first quarter valued at approximately $18,948,000. IvyRock Asset Management HK Ltd purchased a new stake in iShares Bitcoin Trust during the first quarter valued at approximately $18,649,000. Context Capital Management LLC purchased a new stake in iShares Bitcoin Trust during the first quarter valued at approximately $17,928,000. Finally, Ethos Financial Group LLC purchased a new stake in iShares Bitcoin Trust during the first quarter valued at approximately $14,183,000.

iShares Bitcoin Trust Trading Up 6.0 %

Shares of NASDAQ IBIT traded up $2.18 during midday trading on Friday, reaching $38.40. The company had a trading volume of 46,112,594 shares, compared to its average volume of 31,671,236. The company’s 50-day moving average is $36.83. iShares Bitcoin Trust has a 1 year low of $22.02 and a 1 year 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.