Belpointe Asset Management LLC Buys 30,100 Shares of iShares Bitcoin Trust ETF $IBIT

Belpointe Asset Management LLC grew its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 99.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,313 shares of the company’s stock after buying an additional 30,100 shares during the quarter. Belpointe Asset Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $3,692,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Osterweis Capital Management Inc. raised its stake in iShares Bitcoin Trust ETF by 10.8% during the 1st quarter. Osterweis Capital Management Inc. now owns 1,817 shares of the company’s stock worth $85,000 after acquiring an additional 177 shares during the period. Philadelphia Trust Co. lifted its stake in shares of iShares Bitcoin Trust ETF by 1.5% during the 1st quarter. Philadelphia Trust Co. now owns 11,891 shares of the company’s stock valued at $557,000 after buying an additional 180 shares in the last quarter. GSG Advisors LLC boosted its holdings in iShares Bitcoin Trust ETF by 2.4% in the 2nd quarter. GSG Advisors LLC now owns 7,576 shares of the company’s stock worth $464,000 after buying an additional 180 shares during the period. Eagle Bay Advisors LLC increased its stake in iShares Bitcoin Trust ETF by 3.9% in the 2nd quarter. Eagle Bay Advisors LLC now owns 4,979 shares of the company’s stock worth $305,000 after buying an additional 187 shares in the last quarter. Finally, Truist Financial Corp boosted its stake in shares of iShares Bitcoin Trust ETF by 0.4% in the second quarter. Truist Financial Corp now owns 45,287 shares of the company’s stock worth $2,772,000 after acquiring an additional 193 shares during the period.

iShares Bitcoin Trust ETF Price Performance

Shares of IBIT opened at $69.81 on Monday. The business’s 50 day moving average is $65.10 and its 200 day moving average is $59.91. iShares Bitcoin Trust ETF has a 12-month low of $33.47 and a 12-month high of $70.53.

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.