Lazari Capital Management Inc. Purchases 556 Shares of iShares Bitcoin Trust ETF $IBIT

Lazari Capital Management Inc. boosted its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 11.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,250 shares of the company’s stock after purchasing an additional 556 shares during the period. Lazari Capital Management Inc.’s holdings in iShares Bitcoin Trust ETF were worth $321,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IBIT. Brighton Jones LLC acquired a new stake in iShares Bitcoin Trust ETF during the 4th quarter worth about $711,000. Bison Wealth LLC bought a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter worth about $3,140,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of iShares Bitcoin Trust ETF by 58.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 140,574 shares of the company’s stock worth $7,457,000 after purchasing an additional 52,057 shares during the last quarter. First Hawaiian Bank lifted its stake in iShares Bitcoin Trust ETF by 6.8% during the 1st quarter. First Hawaiian Bank now owns 14,452 shares of the company’s stock valued at $676,000 after acquiring an additional 925 shares in the last quarter. Finally, AdvisorNet Financial Inc grew its position in iShares Bitcoin Trust ETF by 147.8% in the 1st quarter. AdvisorNet Financial Inc now owns 6,569 shares of the company’s stock worth $307,000 after purchasing an additional 3,918 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Down 0.3%

Shares of IBIT opened at $61.94 on Monday. iShares Bitcoin Trust ETF has a 12 month low of $33.47 and a 12 month high of $69.89. The stock has a 50 day moving average of $65.10 and a 200 day moving average of $59.24.

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.