Fairway Wealth LLC Buys New Stake in iShares Bitcoin Trust ETF $IBIT

Fairway Wealth LLC bought a new stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 1,819 shares of the company’s stock, valued at approximately $110,000.

Several other large investors have also recently made changes to their positions in IBIT. Goldman Sachs Group Inc. lifted its stake in shares of iShares Bitcoin Trust ETF by 80.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 30,831,854 shares of the company’s stock valued at $1,443,239,000 after purchasing an additional 13,731,993 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in shares of iShares Bitcoin Trust ETF in the 2nd quarter valued at $408,082,000. BSN CAPITAL PARTNERS Ltd acquired a new position in shares of iShares Bitcoin Trust ETF in the 1st quarter valued at $133,168,000. Senator Investment Group LP acquired a new position in shares of iShares Bitcoin Trust ETF in the 1st quarter valued at $59,215,000. Finally, Mariner Investment Group LLC acquired a new position in shares of iShares Bitcoin Trust ETF in the 2nd quarter valued at $50,907,000.

iShares Bitcoin Trust ETF Price Performance

Shares of NASDAQ IBIT opened at $60.47 on Monday. The firm has a fifty day moving average of $65.12 and a 200 day moving average of $61.13. iShares Bitcoin Trust ETF has a one year low of $37.09 and a one year 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.