Simplicity Wealth LLC Purchases 60,816 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Simplicity Wealth LLC raised its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 100.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 121,316 shares of the company’s stock after purchasing an additional 60,816 shares during the quarter. Simplicity Wealth LLC’s holdings in iShares Bitcoin Trust were worth $4,142,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. FinTrust Capital Advisors LLC bought a new stake in iShares Bitcoin Trust in the 1st quarter worth $26,000. Sound Income Strategies LLC bought a new stake in iShares Bitcoin Trust in the 1st quarter worth $30,000. Creekmur Asset Management LLC bought a new stake in iShares Bitcoin Trust in the 1st quarter worth $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in iShares Bitcoin Trust in the 2nd quarter worth $36,000. Finally, Hazlett Burt & Watson Inc. bought a new stake in iShares Bitcoin Trust in the 1st quarter worth $40,000.

iShares Bitcoin Trust Price Performance

iShares Bitcoin Trust stock traded up $2.69 during trading hours on Thursday, reaching $33.88. The stock had a trading volume of 32,395,549 shares, compared to its average volume of 31,920,738. iShares Bitcoin Trust has a 52 week low of $22.02 and a 52 week high of $41.99. The company has a fifty day simple moving average of $36.31 and a 200-day simple moving average of $35.13.

iShares Bitcoin Trust 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.