Investment Advisory Group LLC Takes $220,000 Position in iShares Bitcoin Trust ETF $IBIT

Investment Advisory Group LLC acquired a new stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,598 shares of the company’s stock, valued at approximately $220,000.

Other hedge funds have also made changes to their positions in the company. Signature Resources Capital Management LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 81.6% during the 2nd 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 last quarter. RMG Wealth Management LLC acquired a new position in shares of iShares Bitcoin Trust ETF during the 2nd quarter valued at about $30,000. JFS Wealth Advisors LLC increased 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 valued at $30,000 after acquiring an additional 447 shares during the last quarter. American Capital Advisory LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 144.7% during the 1st quarter. American Capital Advisory LLC now owns 553 shares of the company’s stock valued at $26,000 after acquiring an additional 327 shares during the last quarter. Finally, Berbice Capital Management LLC increased 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 valued at $28,000 after acquiring an additional 300 shares during the last quarter.

iShares Bitcoin Trust ETF Price Performance

Shares of NASDAQ IBIT opened at $66.20 on Friday. The business’s 50-day simple moving average is $65.39 and its 200-day simple moving average is $60.52. iShares Bitcoin Trust ETF has a 52 week low of $34.94 and a 52 week 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.