40,420 Shares in iShares Bitcoin Trust (NASDAQ:IBIT) Acquired by Secure Asset Management LLC

Secure Asset Management LLC purchased a new position in iShares Bitcoin Trust (NASDAQ:IBIT) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 40,420 shares of the company’s stock, valued at approximately $1,380,000.

Several other large investors also recently bought and sold shares of IBIT. Capital Wealth Alliance LLC purchased a new position in iShares Bitcoin Trust in the 2nd quarter valued at about $345,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in iShares Bitcoin Trust by 65.4% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 15,310 shares of the company’s stock valued at $523,000 after purchasing an additional 6,056 shares during the last quarter. Catalyst Private Wealth LLC grew its stake in iShares Bitcoin Trust by 117.3% during the 2nd quarter. Catalyst Private Wealth LLC now owns 11,394 shares of the company’s stock valued at $389,000 after purchasing an additional 6,150 shares in the last quarter. Longitude Cayman Ltd. acquired a new stake in iShares Bitcoin Trust during the 2nd quarter valued at approximately $3,551,000. Finally, Traphagen Investment Advisors LLC increased its holdings in iShares Bitcoin Trust by 3.3% during the 2nd quarter. Traphagen Investment Advisors LLC now owns 36,518 shares of the company’s stock worth $1,247,000 after purchasing an additional 1,172 shares during the last quarter.

iShares Bitcoin Trust Stock Performance

Shares of iShares Bitcoin Trust stock traded up $1.93 on Friday, hitting $36.28. 51,509,263 shares of the company’s stock traded hands, compared to its average volume of 31,312,410. iShares Bitcoin Trust has a 52-week low of $22.02 and a 52-week high of $41.99. The firm’s 50-day moving average is $35.13 and its 200 day moving average is $35.92.

About iShares Bitcoin Trust

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.