MCIA Inc purchased a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 18,750 shares of the company’s stock, valued at approximately $678,000. iShares Bitcoin Trust accounts for 0.2% of MCIA Inc’s portfolio, making the stock its 19th largest holding.
Several other hedge funds and other institutional investors have also modified their holdings of IBIT. Gemmer Asset Management LLC boosted its holdings in iShares Bitcoin Trust by 73.0% in the 2nd quarter. Gemmer Asset Management LLC now owns 16,661 shares of the company’s stock worth $569,000 after acquiring an additional 7,030 shares during the period. Sequoia Financial Advisors LLC boosted its position in iShares Bitcoin Trust by 40.4% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 21,122 shares of the company’s stock valued at $721,000 after buying an additional 6,083 shares during the last quarter. Alpha Cubed Investments LLC acquired a new stake in shares of iShares Bitcoin Trust during the second quarter valued at about $264,000. Strong Tower Advisory Services purchased a new stake in shares of iShares Bitcoin Trust during the second quarter worth about $6,353,000. Finally, RFG Advisory LLC acquired a new position in shares of iShares Bitcoin Trust in the second quarter worth about $340,000.
iShares Bitcoin Trust Stock Up 3.0 %
Shares of IBIT stock traded up $1.00 during mid-day trading on Tuesday, reaching $34.64. 20,045,350 shares of the company were exchanged, compared to its average volume of 31,681,406. iShares Bitcoin Trust has a fifty-two week low of $22.02 and a fifty-two week high of $41.99. The business’s 50 day simple moving average is $36.01 and its 200 day simple moving average is $35.46.
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.
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Want to see what other hedge funds are holding IBIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Bitcoin Trust (NASDAQ:IBIT – Free Report).
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