Sound Financial Strategies Group LLC Purchases 2,359 Shares of iShares Bitcoin Trust ETF $IBIT

Sound Financial Strategies Group LLC lifted its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 14.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,151 shares of the company’s stock after acquiring an additional 2,359 shares during the period. iShares Bitcoin Trust ETF accounts for about 0.9% of Sound Financial Strategies Group LLC’s investment portfolio, making the stock its 21st largest holding. Sound Financial Strategies Group LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,111,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IBIT. Nemes Rush Group LLC raised its holdings in iShares Bitcoin Trust ETF by 13.1% in the 1st 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 last quarter. Galvin Gaustad & Stein LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 158.1% in the 1st quarter. Galvin Gaustad & Stein LLC now owns 12,080 shares of the company’s stock worth $565,000 after purchasing an additional 7,400 shares in the last quarter. Brio Consultants LLC purchased a new position in shares of iShares Bitcoin Trust ETF in the first quarter worth $5,308,000. Brighton Jones LLC bought a new position in shares of iShares Bitcoin Trust ETF during the fourth quarter valued at $711,000. Finally, Brown University bought a new position in shares of iShares Bitcoin Trust ETF during the first quarter valued at $4,915,000.

iShares Bitcoin Trust ETF Trading Down 2.8%

NASDAQ IBIT opened at $57.26 on Friday. The stock has a 50-day moving average of $64.02 and a 200 day moving average of $62.48. iShares Bitcoin Trust ETF has a one year low of $42.47 and a one year 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.