Strong Tower Advisory Services Trims Position in iShares Bitcoin Trust ETF $IBIT

Strong Tower Advisory Services trimmed its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 0.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 288,111 shares of the company’s stock after selling 1,749 shares during the quarter. iShares Bitcoin Trust ETF comprises about 3.5% of Strong Tower Advisory Services’ investment portfolio, making the stock its 7th biggest position. Strong Tower Advisory Services’ holdings in iShares Bitcoin Trust ETF were worth $17,635,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. American Capital Advisory LLC increased its stake in iShares Bitcoin Trust ETF by 144.7% during the first quarter. American Capital Advisory LLC now owns 553 shares of the company’s stock worth $26,000 after acquiring an additional 327 shares during the last quarter. Signature Resources Capital Management LLC increased its stake in iShares Bitcoin Trust ETF by 81.6% during the second quarter. Signature Resources Capital Management LLC now owns 445 shares of the company’s stock worth $27,000 after acquiring an additional 200 shares during the last quarter. Mather Group LLC. increased its stake in iShares Bitcoin Trust ETF by 164.2% during the first quarter. Mather Group LLC. now owns 605 shares of the company’s stock worth $28,000 after acquiring an additional 376 shares during the last quarter. Berbice Capital Management LLC increased its stake in iShares Bitcoin Trust ETF by 100.0% during the first quarter. Berbice Capital Management LLC now owns 600 shares of the company’s stock worth $28,000 after acquiring an additional 300 shares during the last quarter. Finally, Smallwood Wealth Investment Management LLC bought a new stake in iShares Bitcoin Trust ETF during the first quarter worth approximately $30,000.

iShares Bitcoin Trust ETF Price Performance

Shares of NASDAQ IBIT opened at $66.20 on Friday. The business’s 50 day moving average is $65.39 and its two-hundred day moving average is $60.44. iShares Bitcoin Trust ETF has a 1-year low of $34.94 and a 1-year high of $71.82.

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.