Gemmer Asset Management LLC Has $1.41 Million Stock Position in iShares Bitcoin Trust ETF $IBIT

Gemmer Asset Management LLC grew its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 170.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,107 shares of the company’s stock after purchasing an additional 14,573 shares during the period. Gemmer Asset Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,414,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Signature Resources Capital Management LLC increased its position in iShares Bitcoin Trust ETF by 81.6% in the 2nd quarter. Signature Resources Capital Management LLC now owns 445 shares of the company’s stock worth $27,000 after purchasing an additional 200 shares during the last quarter. American Capital Advisory LLC increased its position in iShares Bitcoin Trust ETF by 144.7% in the 1st quarter. American Capital Advisory LLC now owns 553 shares of the company’s stock worth $26,000 after purchasing an additional 327 shares during the last quarter. Berbice Capital Management LLC increased its position in iShares Bitcoin Trust ETF by 100.0% in the 1st quarter. Berbice Capital Management LLC now owns 600 shares of the company’s stock worth $28,000 after purchasing an additional 300 shares during the last quarter. Mather Group LLC. increased its position in iShares Bitcoin Trust ETF by 164.2% in the 1st quarter. Mather Group LLC. now owns 605 shares of the company’s stock worth $28,000 after purchasing an additional 376 shares during the last quarter. Finally, TD Capital Management LLC increased its position in iShares Bitcoin Trust ETF by 48.9% in the 1st quarter. TD Capital Management LLC now owns 636 shares of the company’s stock worth $30,000 after purchasing an additional 209 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Up 1.5%

Shares of IBIT stock opened at $69.81 on Friday. iShares Bitcoin Trust ETF has a fifty-two week low of $33.47 and a fifty-two week high of $70.53. The stock’s 50-day moving average is $65.10 and its two-hundred day moving average is $59.82.

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.