Johnson Investment Counsel Inc. Boosts Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

Johnson Investment Counsel Inc. lifted its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 57.1% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,065 shares of the company’s stock after buying an additional 11,660 shares during the period. Johnson Investment Counsel Inc.’s holdings in iShares Bitcoin Trust were worth $1,095,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FinTrust Capital Advisors LLC purchased a new position in iShares Bitcoin Trust in the first quarter worth $26,000. Creekmur Asset Management LLC bought a new stake in shares of iShares Bitcoin Trust during the 1st quarter worth $30,000. Sound Income Strategies LLC purchased a new position in shares of iShares Bitcoin Trust in the 1st quarter worth about $30,000. International Assets Investment Management LLC bought a new position in iShares Bitcoin Trust during the second quarter valued at about $31,000. Finally, Hazlett Burt & Watson Inc. purchased a new stake in iShares Bitcoin Trust during the first quarter worth about $40,000.

iShares Bitcoin Trust Stock Up 2.4 %

Shares of IBIT stock opened at $34.04 on Friday. iShares Bitcoin Trust has a 52 week low of $22.02 and a 52 week high of $41.99. The firm’s 50-day simple moving average is $34.51 and its two-hundred day simple moving average is $36.42.

iShares Bitcoin Trust Company 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.