5,484 Shares in iShares Bitcoin Trust ETF $IBIT Bought by Suncoast Equity Management

Suncoast Equity Management acquired a new position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,484 shares of the company’s stock, valued at approximately $336,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Nemes Rush Group LLC lifted its holdings in iShares Bitcoin Trust ETF by 13.1% during the first quarter. Nemes Rush Group LLC now owns 2,582 shares of the company’s stock worth $121,000 after acquiring an additional 300 shares during the period. Galvin Gaustad & Stein LLC lifted its holdings in iShares Bitcoin Trust ETF by 158.1% during the first quarter. Galvin Gaustad & Stein LLC now owns 12,080 shares of the company’s stock worth $565,000 after acquiring an additional 7,400 shares during the period. Brio Consultants LLC bought a new stake in iShares Bitcoin Trust ETF during the first quarter worth $5,308,000. Brighton Jones LLC bought a new stake in iShares Bitcoin Trust ETF during the fourth quarter worth $711,000. Finally, Brown University bought a new stake in iShares Bitcoin Trust ETF during the first quarter worth $4,915,000.

iShares Bitcoin Trust ETF Trading Up 3.0%

Shares of iShares Bitcoin Trust ETF stock opened at $58.92 on Thursday. The business’s fifty day simple moving average is $64.15 and its 200 day simple moving average is $62.52. iShares Bitcoin Trust ETF has a 12 month low of $41.86 and a 12 month 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.