Relyea Zuckerberg Hanson LLC Raises Stock Holdings in iShares Bitcoin Trust ETF $IBIT

Relyea Zuckerberg Hanson LLC increased its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 32.7% in the second quarter, Holdings Channel.com reports. The fund owned 11,617 shares of the company’s stock after buying an additional 2,863 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in iShares Bitcoin Trust ETF were worth $711,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of IBIT. Osterweis Capital Management Inc. lifted its position in shares of iShares Bitcoin Trust ETF by 10.8% during the first quarter. Osterweis Capital Management Inc. now owns 1,817 shares of the company’s stock worth $85,000 after purchasing an additional 177 shares during the last quarter. Philadelphia Trust Co. increased its stake in iShares Bitcoin Trust ETF by 1.5% in the 1st quarter. Philadelphia Trust Co. now owns 11,891 shares of the company’s stock worth $557,000 after buying an additional 180 shares during the period. GSG Advisors LLC lifted its holdings in iShares Bitcoin Trust ETF by 2.4% during the 2nd quarter. GSG Advisors LLC now owns 7,576 shares of the company’s stock valued at $464,000 after buying an additional 180 shares in the last quarter. Eagle Bay Advisors LLC boosted its position in iShares Bitcoin Trust ETF by 3.9% in the 2nd quarter. Eagle Bay Advisors LLC now owns 4,979 shares of the company’s stock valued at $305,000 after buying an additional 187 shares during the period. Finally, Truist Financial Corp boosted its position in iShares Bitcoin Trust ETF by 0.4% in the 2nd quarter. Truist Financial Corp now owns 45,287 shares of the company’s stock valued at $2,772,000 after buying an additional 193 shares during the period.

iShares Bitcoin Trust ETF Stock Up 1.5%

Shares of NASDAQ:IBIT opened at $69.81 on Monday. The firm’s 50 day simple moving average is $65.10 and its 200-day simple moving average is $59.91. iShares Bitcoin Trust ETF has a one year low of $33.47 and a one year 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.