AlTi Global Inc. Grows Stake in iShares Bitcoin Trust ETF $IBIT

AlTi Global Inc. lifted its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 49.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 426,318 shares of the company’s stock after purchasing an additional 141,441 shares during the quarter. iShares Bitcoin Trust ETF accounts for approximately 0.7% of AlTi Global Inc.’s holdings, making the stock its 22nd biggest position. AlTi Global Inc.’s holdings in iShares Bitcoin Trust ETF were worth $26,867,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Evermay Wealth Management LLC grew its holdings in shares of iShares Bitcoin Trust ETF by 15.8% during the second quarter. Evermay Wealth Management LLC now owns 1,100 shares of the company’s stock valued at $67,000 after buying an additional 150 shares during the last quarter. Osterweis Capital Management Inc. raised its stake in shares of iShares Bitcoin Trust ETF by 10.8% in the first quarter. Osterweis Capital Management Inc. now owns 1,817 shares of the company’s stock worth $85,000 after purchasing an additional 177 shares during the last quarter. Philadelphia Trust Co. lifted its holdings in shares of iShares Bitcoin Trust ETF by 1.5% during the first quarter. Philadelphia Trust Co. now owns 11,891 shares of the company’s stock valued at $557,000 after purchasing an additional 180 shares in the last quarter. GSG Advisors LLC boosted its position in shares of iShares Bitcoin Trust ETF by 2.4% during the second quarter. GSG Advisors LLC now owns 7,576 shares of the company’s stock valued at $464,000 after buying an additional 180 shares during the last quarter. Finally, Eagle Bay Advisors LLC raised its position 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 during the last quarter.

iShares Bitcoin Trust ETF Stock Performance

IBIT opened at $62.56 on Friday. The company’s 50-day simple moving average is $64.68 and its two-hundred day simple moving average is $61.38. iShares Bitcoin Trust ETF has a 52-week low of $37.47 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.