Eagle Bay Advisors LLC Raises Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Eagle Bay Advisors LLC raised its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 68.0% during the second quarter, HoldingsChannel reports. The firm owned 2,179 shares of the company’s stock after purchasing an additional 882 shares during the period. Eagle Bay Advisors LLC’s holdings in iShares Bitcoin Trust were worth $74,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IBIT. Cedar Mountain Advisors LLC boosted its position in shares of iShares Bitcoin Trust by 39.1% during the 2nd quarter. Cedar Mountain Advisors LLC now owns 1,362 shares of the company’s stock valued at $46,000 after acquiring an additional 383 shares during the last quarter. Csenge Advisory Group lifted its stake in shares of iShares Bitcoin Trust by 3.0% in the 2nd quarter. Csenge Advisory Group now owns 14,477 shares of the company’s stock valued at $494,000 after purchasing an additional 423 shares during the last quarter. Masso Torrence Wealth Management Inc. raised its holdings in iShares Bitcoin Trust by 5.3% in the 2nd quarter. Masso Torrence Wealth Management Inc. now owns 8,662 shares of the company’s stock valued at $296,000 after buying an additional 435 shares during the period. Burkett Financial Services LLC lifted its holdings in shares of iShares Bitcoin Trust by 94.0% in the 2nd quarter. Burkett Financial Services LLC now owns 1,168 shares of the company’s stock worth $40,000 after acquiring an additional 566 shares during the last quarter. Finally, FinTrust Capital Advisors LLC purchased a new stake in iShares Bitcoin Trust in the first quarter valued at approximately $26,000.

iShares Bitcoin Trust Trading Down 5.3 %

Shares of IBIT traded down $1.87 during midday trading on Wednesday, hitting $33.51. 14,708,659 shares of the stock were exchanged, compared to its average volume of 31,059,779. iShares Bitcoin Trust has a 52-week low of $22.02 and a 52-week high of $41.99. The stock has a fifty day simple moving average of $35.07 and a 200 day simple moving average of $36.20.

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.