Naviter Wealth LLC Purchases 2,168 Shares of iShares Bitcoin Trust ETF $IBIT

Naviter Wealth LLC grew its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 34.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,524 shares of the company’s stock after buying an additional 2,168 shares during the quarter. Naviter Wealth LLC’s holdings in iShares Bitcoin Trust ETF were worth $522,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of IBIT. Goldman Sachs Group Inc. lifted its position in shares of iShares Bitcoin Trust ETF by 80.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 30,831,854 shares of the company’s stock worth $1,443,239,000 after buying an additional 13,731,993 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of iShares Bitcoin Trust ETF during the 2nd quarter worth approximately $408,082,000. BSN CAPITAL PARTNERS Ltd bought a new position in shares of iShares Bitcoin Trust ETF during the 1st quarter worth approximately $133,168,000. Senator Investment Group LP bought a new position in shares of iShares Bitcoin Trust ETF during the 1st quarter worth approximately $59,215,000. Finally, Mariner Investment Group LLC bought a new position in shares of iShares Bitcoin Trust ETF during the 2nd quarter worth approximately $50,907,000.

iShares Bitcoin Trust ETF Price Performance

iShares Bitcoin Trust ETF stock opened at $63.91 on Wednesday. The company’s 50 day moving average price is $65.39 and its two-hundred day moving average price is $60.75. iShares Bitcoin Trust ETF has a 52 week low of $36.88 and a 52 week 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.