Sacks & Associates LLC Buys Shares of 19,073 iShares Bitcoin Trust ETF $IBIT

Sacks & Associates LLC purchased a new position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 19,073 shares of the company’s stock, valued at approximately $680,000.

Other institutional investors have also modified their holdings of the company. Marshall & Sterling Wealth Advisors Inc. lifted its stake in iShares Bitcoin Trust ETF by 12,500.0% during the 4th quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock worth $25,000 after acquiring an additional 500 shares in the last quarter. Key Capital Management INC acquired a new position in iShares Bitcoin Trust ETF in the 4th quarter valued at about $26,000. Vermillion & White Wealth Management Group LLC grew its position in iShares Bitcoin Trust ETF by 637.5% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 531 shares of the company’s stock valued at $26,000 after acquiring an additional 459 shares in the last quarter. Sfam LLC purchased a new stake in iShares Bitcoin Trust ETF during the fourth quarter worth about $26,000. Finally, Allied Private Wealth LLC purchased a new stake in iShares Bitcoin Trust ETF during the second quarter worth about $28,000.

iShares Bitcoin Trust ETF Price Performance

Shares of IBIT opened at $35.63 on Friday. iShares Bitcoin Trust ETF has a 1 year low of $32.84 and a 1 year high of $71.82. The company’s 50-day simple moving average is $35.88 and its 200-day simple moving average is $39.45.

About iShares Bitcoin Trust ETF

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.