Ovata Capital Management Ltd Purchases 381,337 Shares of iShares Bitcoin Trust ETF $IBIT

Ovata Capital Management Ltd lifted its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 50.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,142,805 shares of the company’s stock after buying an additional 381,337 shares during the period. iShares Bitcoin Trust ETF makes up approximately 15.1% of Ovata Capital Management Ltd’s portfolio, making the stock its largest position. Ovata Capital Management Ltd owned about 0.09% of iShares Bitcoin Trust ETF worth $69,761,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Signature Resources Capital Management LLC grew its position in iShares Bitcoin Trust ETF by 81.6% in 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 period. RMG Wealth Management LLC acquired a new position in shares of iShares Bitcoin Trust ETF in the 2nd quarter valued at $30,000. JFS Wealth Advisors LLC grew its holdings in shares of iShares Bitcoin Trust ETF by 1,277.1% during the 2nd quarter. JFS Wealth Advisors LLC now owns 482 shares of the company’s stock worth $30,000 after purchasing an additional 447 shares during the period. Berbice Capital Management LLC grew its holdings in shares of iShares Bitcoin Trust ETF by 100.0% during the 1st quarter. Berbice Capital Management LLC now owns 600 shares of the company’s stock worth $28,000 after purchasing an additional 300 shares during the period. Finally, TD Capital Management LLC increased its position in shares of iShares Bitcoin Trust ETF by 48.9% during the 1st quarter. TD Capital Management LLC now owns 636 shares of the company’s stock worth $30,000 after purchasing an additional 209 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Performance

Shares of IBIT opened at $58.92 on Thursday. The company’s 50-day moving average price is $64.15 and its 200 day moving average price is $62.52. iShares Bitcoin Trust ETF has a 12-month low of $41.86 and a 12-month high of $71.82.

iShares Bitcoin Trust ETF 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.