Stephens Consulting LLC Has $67,000 Stake in iShares Bitcoin Trust ETF $IBIT

Stephens Consulting LLC increased its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 481.5% in the second quarter, Holdings Channel reports. The institutional investor owned 1,099 shares of the company’s stock after buying an additional 910 shares during the period. Stephens Consulting LLC’s holdings in iShares Bitcoin Trust ETF were worth $67,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Goldman Sachs Group Inc. raised its position in shares of iShares Bitcoin Trust ETF by 80.3% in the first quarter. Goldman Sachs Group Inc. now owns 30,831,854 shares of the company’s stock valued at $1,443,239,000 after buying an additional 13,731,993 shares in the last quarter. Mubadala Investment Co PJSC raised its position in shares of iShares Bitcoin Trust ETF by 6.0% in the first quarter. Mubadala Investment Co PJSC now owns 8,726,972 shares of the company’s stock valued at $408,510,000 after buying an additional 491,439 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of iShares Bitcoin Trust ETF in the second quarter valued at approximately $408,082,000. Crcm LP raised its position in shares of iShares Bitcoin Trust ETF by 4.7% in the first quarter. Crcm LP now owns 3,154,810 shares of the company’s stock valued at $147,677,000 after buying an additional 142,685 shares in the last quarter. Finally, BSN CAPITAL PARTNERS Ltd acquired a new stake in shares of iShares Bitcoin Trust ETF in the first quarter valued at approximately $133,168,000.

iShares Bitcoin Trust ETF Trading Down 3.7%

NASDAQ IBIT opened at $66.20 on Monday. iShares Bitcoin Trust ETF has a 1-year low of $34.94 and a 1-year high of $71.82. The company has a 50 day moving average of $65.39 and a 200-day moving average of $60.60.

About iShares Bitcoin Trust ETF

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.