Global Financial Private Client LLC Buys New Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Global Financial Private Client LLC purchased a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 2,213 shares of the company’s stock, valued at approximately $88,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Levin Capital Strategies L.P. acquired a new position in iShares Bitcoin Trust in the first quarter worth $202,000. Murchinson Ltd. acquired a new stake in iShares Bitcoin Trust during the 1st quarter valued at $35,531,000. Kamunting Street Capital Management L.P. bought a new position in iShares Bitcoin Trust during the first quarter worth $6,070,000. BlueCrest Capital Management Ltd acquired a new stake in shares of iShares Bitcoin Trust during the first quarter worth $579,000. Finally, SVB Wealth LLC acquired a new position in iShares Bitcoin Trust in the first quarter valued at about $1,265,000.

iShares Bitcoin Trust Stock Performance

iShares Bitcoin Trust stock traded down $0.37 during midday trading on Wednesday, reaching $37.18. The company’s stock had a trading volume of 19,454,967 shares, compared to its average volume of 31,371,914. The business has a 50-day moving average price of $36.94 and a 200-day moving average price of $34.81. iShares Bitcoin Trust has a 52 week low of $22.02 and a 52 week 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.