Phraction Management LLC grew its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 27.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,600 shares of the company’s stock after buying an additional 7,598 shares during the period. Phraction Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $2,179,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its stake in iShares Bitcoin Trust ETF by 80.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 30,831,854 shares of the company’s stock worth $1,443,239,000 after acquiring an additional 13,731,993 shares during the period. Kingstone Capital Partners Texas LLC purchased a new stake in shares of iShares Bitcoin Trust ETF in the second quarter worth $408,082,000. BSN CAPITAL PARTNERS Ltd purchased a new stake in shares of iShares Bitcoin Trust ETF in the first quarter worth $133,168,000. Senator Investment Group LP bought a new stake in iShares Bitcoin Trust ETF during the 1st quarter valued at approximately $59,215,000. Finally, Mariner Investment Group LLC purchased a new position in iShares Bitcoin Trust ETF in the 2nd quarter worth approximately $50,907,000.
iShares Bitcoin Trust ETF Stock Up 3.0%
Shares of IBIT opened at $68.77 on Friday. iShares Bitcoin Trust ETF has a 1 year low of $33.47 and a 1 year high of $69.89. The company has a 50 day simple moving average of $65.03 and a two-hundred day simple moving average of $59.59.
iShares Bitcoin Trust ETF 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.
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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 ETF (NASDAQ:IBIT – Free Report).
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