Narwhal Capital Management Invests $294,000 in iShares Bitcoin Trust ETF $IBIT

Narwhal Capital Management purchased a new position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,811 shares of the company’s stock, valued at approximately $294,000.

Other large investors also recently made changes to their positions in the company. American Capital Advisory LLC boosted its stake in shares of iShares Bitcoin Trust ETF by 144.7% during the 1st quarter. American Capital Advisory LLC now owns 553 shares of the company’s stock worth $26,000 after acquiring an additional 327 shares in the last quarter. Signature Resources Capital Management LLC boosted its stake in shares of iShares Bitcoin Trust ETF by 81.6% during the 2nd quarter. Signature Resources Capital Management LLC now owns 445 shares of the company’s stock worth $27,000 after acquiring an additional 200 shares in the last quarter. Mather Group LLC. boosted its stake in shares of iShares Bitcoin Trust ETF by 164.2% during the 1st quarter. Mather Group LLC. now owns 605 shares of the company’s stock worth $28,000 after acquiring an additional 376 shares in the last quarter. Berbice Capital Management LLC boosted its stake in shares of iShares Bitcoin Trust ETF by 100.0% during the 1st quarter. Berbice Capital Management LLC now owns 600 shares of the company’s stock worth $28,000 after acquiring an additional 300 shares in the last quarter. Finally, Smallwood Wealth Investment Management LLC bought a new stake in shares of iShares Bitcoin Trust ETF during the 1st quarter worth about $30,000.

iShares Bitcoin Trust ETF Trading Up 1.3%

IBIT opened at $70.06 on Thursday. The stock has a 50-day moving average of $65.30 and a 200-day moving average of $60.20. iShares Bitcoin Trust ETF has a 52-week low of $33.47 and a 52-week high of $71.82.

iShares Bitcoin Trust ETF 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.