GR Financial Group LLC Has $1.16 Million Stock Holdings in iShares Bitcoin Trust ETF $IBIT

GR Financial Group LLC increased its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 177.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,791 shares of the company’s stock after buying an additional 22,243 shares during the quarter. iShares Bitcoin Trust ETF accounts for approximately 0.2% of GR Financial Group LLC’s holdings, making the stock its 11th biggest position. GR Financial Group LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,158,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of IBIT. McIlrath & Eck LLC grew its stake in iShares Bitcoin Trust ETF by 30.3% during the 2nd quarter. McIlrath & Eck LLC now owns 701 shares of the company’s stock valued at $43,000 after acquiring an additional 163 shares in the last quarter. Vivaldi Capital Management LP lifted its position in shares of iShares Bitcoin Trust ETF by 3.3% in the second quarter. Vivaldi Capital Management LP now owns 5,138 shares of the company’s stock worth $314,000 after purchasing an additional 163 shares in the last quarter. ST Germain D J Co. Inc. lifted its position in shares of iShares Bitcoin Trust ETF by 2.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 8,059 shares of the company’s stock worth $400,000 after purchasing an additional 220 shares in the last quarter. Channel Wealth LLC lifted its position in shares of iShares Bitcoin Trust ETF by 5.7% in the fourth quarter. Channel Wealth LLC now owns 4,293 shares of the company’s stock worth $213,000 after purchasing an additional 233 shares in the last quarter. Finally, Retirement Planning Group LLC boosted its holdings in shares of iShares Bitcoin Trust ETF by 2.0% during the first quarter. Retirement Planning Group LLC now owns 12,783 shares of the company’s stock worth $491,000 after purchasing an additional 245 shares during the period.

iShares Bitcoin Trust ETF Stock Down 0.7%

Shares of IBIT opened at $35.63 on Friday. The company’s 50 day moving average price is $35.88 and its 200 day moving average price is $39.45. iShares Bitcoin Trust ETF has a 52 week low of $32.84 and a 52 week 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.