Cypress Wealth Services LLC Buys 2,614 Shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT)

Cypress Wealth Services LLC grew its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 21.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,917 shares of the company’s stock after buying an additional 2,614 shares during the period. Cypress Wealth Services LLC’s holdings in iShares Bitcoin Trust ETF were worth $698,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in IBIT. Brighton Jones LLC acquired a new position in iShares Bitcoin Trust ETF during the fourth quarter valued at approximately $711,000. DAVENPORT & Co LLC acquired a new position in iShares Bitcoin Trust ETF in the 4th quarter valued at $237,000. Spire Wealth Management bought a new position in iShares Bitcoin Trust ETF in the 4th quarter worth $214,000. Optas LLC acquired a new position in iShares Bitcoin Trust ETF during the 4th quarter worth $227,000. Finally, Columbus Macro LLC bought a new stake in iShares Bitcoin Trust ETF during the fourth quarter valued at about $289,000.

iShares Bitcoin Trust ETF Stock Down 1.3%

Shares of NASDAQ:IBIT opened at $59.64 on Thursday. The stock’s 50-day moving average is $53.92 and its 200-day moving average is $53.92. iShares Bitcoin Trust ETF has a 52-week low of $28.23 and a 52-week high of $63.70.

iShares Bitcoin Trust ETF Company 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.