Tobias Financial Advisors Inc. Takes Position in iShares Bitcoin Trust ETF $IBIT

Tobias Financial Advisors Inc. acquired a new stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,538 shares of the company’s stock, valued at approximately $339,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IBIT. Evermay Wealth Management LLC lifted its holdings in iShares Bitcoin Trust ETF by 15.8% in the 2nd quarter. Evermay Wealth Management LLC now owns 1,100 shares of the company’s stock valued at $67,000 after purchasing an additional 150 shares in the last quarter. Osterweis Capital Management Inc. raised its position in shares of iShares Bitcoin Trust ETF by 10.8% in the first quarter. Osterweis Capital Management Inc. now owns 1,817 shares of the company’s stock valued at $85,000 after buying an additional 177 shares during the last quarter. Philadelphia Trust Co. raised its position in shares of iShares Bitcoin Trust ETF by 1.5% in the first quarter. Philadelphia Trust Co. now owns 11,891 shares of the company’s stock valued at $557,000 after buying an additional 180 shares during the last quarter. GSG Advisors LLC lifted its stake in shares of iShares Bitcoin Trust ETF by 2.4% during the second quarter. GSG Advisors LLC now owns 7,576 shares of the company’s stock valued at $464,000 after buying an additional 180 shares during the period. Finally, WealthTrust Asset Management LLC lifted its stake in shares of iShares Bitcoin Trust ETF by 1.2% during the second quarter. WealthTrust Asset Management LLC now owns 15,013 shares of the company’s stock valued at $919,000 after buying an additional 183 shares during the period.

iShares Bitcoin Trust ETF Stock Up 1.0%

IBIT stock opened at $51.55 on Friday. The company has a 50 day moving average price of $60.47 and a two-hundred day moving average price of $62.36. iShares Bitcoin Trust ETF has a one year low of $42.98 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.