iShares Bitcoin Trust ETF $IBIT Stock Position Lifted by Syon Capital LLC

Syon Capital LLC lifted its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 65.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,265 shares of the company’s stock after acquiring an additional 29,705 shares during the quarter. Syon Capital LLC’s holdings in iShares Bitcoin Trust ETF were worth $2,506,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Marshall & Sterling Wealth Advisors Inc. raised its holdings in shares of iShares Bitcoin Trust ETF by 12,500.0% during the fourth quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock worth $25,000 after purchasing an additional 500 shares during the period. Vermillion & White Wealth Management Group LLC boosted its holdings in shares of iShares Bitcoin Trust ETF by 637.5% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 531 shares of the company’s stock valued at $26,000 after buying an additional 459 shares during the period. Sfam LLC acquired a new position in shares of iShares Bitcoin Trust ETF in the 4th quarter valued at about $26,000. Allied Private Wealth LLC bought a new stake in shares of iShares Bitcoin Trust ETF during the 2nd quarter valued at about $28,000. Finally, Semmax Financial Advisors Inc. grew its position in shares of iShares Bitcoin Trust ETF by 135.9% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock valued at $33,000 after buying an additional 284 shares during the last quarter.

iShares Bitcoin Trust ETF Trading Down 2.4%

IBIT opened at $45.23 on Friday. The company’s 50-day moving average price is $38.08 and its 200 day moving average price is $39.44. iShares Bitcoin Trust ETF has a fifty-two week low of $32.84 and a fifty-two week high of $71.82.

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.