Equitable Trust Co. Has $699,000 Stake in iShares Bitcoin Trust ETF $IBIT

Equitable Trust Co. boosted its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 93.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,425 shares of the company’s stock after purchasing an additional 5,504 shares during the quarter. Equitable Trust Co.’s holdings in iShares Bitcoin Trust ETF were worth $699,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Signature Resources Capital Management LLC raised its stake 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 in the last quarter. RMG Wealth Management LLC bought a new position in iShares Bitcoin Trust ETF in the 2nd quarter valued at about $30,000. JFS Wealth Advisors LLC increased its holdings in iShares Bitcoin Trust ETF by 1,277.1% in the 2nd quarter. JFS Wealth Advisors LLC now owns 482 shares of the company’s stock valued at $30,000 after buying an additional 447 shares during the period. American Capital Advisory LLC increased its holdings 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 valued at $26,000 after buying an additional 327 shares during the period. Finally, Berbice Capital Management LLC increased its holdings 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 valued at $28,000 after buying an additional 300 shares during the period.

iShares Bitcoin Trust ETF Price Performance

IBIT stock opened at $63.17 on Thursday. iShares Bitcoin Trust ETF has a 12 month low of $37.09 and a 12 month high of $71.82. The company’s 50-day moving average price is $65.34 and its two-hundred day moving average price is $60.76.

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.