Gemmer Asset Management LLC Has $1.41 Million Stake in iShares Bitcoin Trust ETF $IBIT

Gemmer Asset Management LLC increased its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 170.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 23,107 shares of the company’s stock after acquiring an additional 14,573 shares during the period. Gemmer Asset Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,414,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Goldman Sachs Group Inc. increased its holdings in shares of iShares Bitcoin Trust ETF by 80.3% during 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 acquiring an additional 13,731,993 shares during the last quarter. Mubadala Investment Co PJSC increased its holdings in shares of iShares Bitcoin Trust ETF by 6.0% during the 1st quarter. Mubadala Investment Co PJSC now owns 8,726,972 shares of the company’s stock valued at $408,510,000 after acquiring an additional 491,439 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in shares of iShares Bitcoin Trust ETF during the 2nd quarter valued at about $408,082,000. Crcm LP increased its holdings in shares of iShares Bitcoin Trust ETF by 4.7% during the 1st quarter. Crcm LP now owns 3,154,810 shares of the company’s stock valued at $147,677,000 after acquiring an additional 142,685 shares during the last quarter. Finally, BSN CAPITAL PARTNERS Ltd acquired a new position in shares of iShares Bitcoin Trust ETF during the 1st quarter valued at about $133,168,000.

iShares Bitcoin Trust ETF Stock Up 1.5%

IBIT opened at $69.81 on Friday. The stock’s 50 day moving average price is $65.10 and its two-hundred day moving average price is $59.82. iShares Bitcoin Trust ETF has a 12-month low of $33.47 and a 12-month high of $70.53.

iShares Bitcoin Trust ETF Company 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.