Manchester Capital Management LLC Raises Stake in iShares Bitcoin Trust ETF $IBIT

Manchester Capital Management LLC lifted its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 14.2% in the second quarter, HoldingsChannel.com reports. The firm owned 14,868 shares of the company’s stock after purchasing an additional 1,848 shares during the quarter. Manchester Capital Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $910,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Signature Resources Capital Management LLC raised its holdings 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 valued at $27,000 after acquiring an additional 200 shares during the period. TD Capital Management LLC boosted its stake in shares of iShares Bitcoin Trust ETF by 48.9% in the first quarter. TD Capital Management LLC now owns 636 shares of the company’s stock worth $30,000 after acquiring an additional 209 shares during the period. RMG Wealth Management LLC purchased a new stake in shares of iShares Bitcoin Trust ETF during the second quarter worth about $30,000. JFS Wealth Advisors LLC raised its stake in 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 valued at $30,000 after purchasing an additional 447 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in iShares Bitcoin Trust ETF by 261.4% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 730 shares of the company’s stock worth $34,000 after purchasing an additional 528 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Performance

IBIT stock opened at $50.57 on Tuesday. iShares Bitcoin Trust ETF has a 1-year low of $42.98 and a 1-year high of $71.82. The business has a 50 day simple moving average of $61.69 and a two-hundred day simple moving average of $62.61.

About iShares Bitcoin Trust ETF

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.