Coordinated Financial Services Inc. Makes New $599,000 Investment in iShares Bitcoin Trust ETF $IBIT

Coordinated Financial Services Inc. acquired a new position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 9,780 shares of the company’s stock, valued at approximately $599,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. American Capital Advisory LLC lifted its holdings in iShares Bitcoin Trust ETF by 144.7% in the 1st quarter. American Capital Advisory LLC now owns 553 shares of the company’s stock worth $26,000 after buying an additional 327 shares during the period. Signature Resources Capital Management LLC lifted its holdings in iShares Bitcoin Trust ETF by 81.6% in the 2nd quarter. Signature Resources Capital Management LLC now owns 445 shares of the company’s stock worth $27,000 after buying an additional 200 shares during the period. Mather Group LLC. lifted its holdings in iShares Bitcoin Trust ETF by 164.2% in the 1st quarter. Mather Group LLC. now owns 605 shares of the company’s stock worth $28,000 after buying an additional 376 shares during the period. Berbice Capital Management LLC lifted its holdings in iShares Bitcoin Trust ETF by 100.0% in the 1st quarter. Berbice Capital Management LLC now owns 600 shares of the company’s stock worth $28,000 after buying an additional 300 shares during the period. Finally, Smallwood Wealth Investment Management LLC purchased a new stake in iShares Bitcoin Trust ETF in the 1st quarter worth approximately $30,000.

iShares Bitcoin Trust ETF Trading Down 1.9%

NASDAQ IBIT opened at $68.74 on Friday. iShares Bitcoin Trust ETF has a fifty-two week low of $33.47 and a fifty-two week high of $71.82. The stock has a 50 day simple moving average of $65.35 and a two-hundred day simple moving average of $60.33.

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.