Secure Asset Management LLC purchased a new position in iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 40,420 shares of the company’s stock, valued at approximately $1,380,000.
Several other large investors also recently bought and sold shares of IBIT. Capital Wealth Alliance LLC purchased a new position in iShares Bitcoin Trust in the 2nd quarter valued at about $345,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in iShares Bitcoin Trust by 65.4% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 15,310 shares of the company’s stock valued at $523,000 after purchasing an additional 6,056 shares during the last quarter. Catalyst Private Wealth LLC grew its stake in iShares Bitcoin Trust by 117.3% during the 2nd quarter. Catalyst Private Wealth LLC now owns 11,394 shares of the company’s stock valued at $389,000 after purchasing an additional 6,150 shares in the last quarter. Longitude Cayman Ltd. acquired a new stake in iShares Bitcoin Trust during the 2nd quarter valued at approximately $3,551,000. Finally, Traphagen Investment Advisors LLC increased its holdings in iShares Bitcoin Trust by 3.3% during the 2nd quarter. Traphagen Investment Advisors LLC now owns 36,518 shares of the company’s stock worth $1,247,000 after purchasing an additional 1,172 shares during the last quarter.
iShares Bitcoin Trust Stock Performance
Shares of iShares Bitcoin Trust stock traded up $1.93 on Friday, hitting $36.28. 51,509,263 shares of the company’s stock traded hands, compared to its average volume of 31,312,410. iShares Bitcoin Trust has a 52-week low of $22.02 and a 52-week high of $41.99. The firm’s 50-day moving average is $35.13 and its 200 day moving average is $35.92.
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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