Alpha Financial Partners LLC Increases Stock Holdings in iShares Bitcoin Trust ETF $IBIT

Alpha Financial Partners LLC raised its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 3.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,679 shares of the company’s stock after purchasing an additional 337 shares during the quarter. Alpha Financial Partners LLC’s holdings in iShares Bitcoin Trust ETF were worth $592,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of IBIT. American Capital Advisory LLC grew its stake in shares of iShares Bitcoin Trust ETF by 144.7% in the 1st quarter. American Capital Advisory LLC now owns 553 shares of the company’s stock valued at $26,000 after purchasing an additional 327 shares during the last quarter. Signature Resources Capital Management LLC grew its stake in shares of iShares Bitcoin Trust ETF by 81.6% in the 2nd quarter. Signature Resources Capital Management LLC now owns 445 shares of the company’s stock valued at $27,000 after purchasing an additional 200 shares during the last quarter. Mather Group LLC. lifted its holdings in shares of iShares Bitcoin Trust ETF by 164.2% in the 1st quarter. Mather Group LLC. now owns 605 shares of the company’s stock valued at $28,000 after buying an additional 376 shares during the period. Berbice Capital Management LLC lifted its holdings in shares of iShares Bitcoin Trust ETF by 100.0% in the 1st quarter. Berbice Capital Management LLC now owns 600 shares of the company’s stock valued at $28,000 after buying an additional 300 shares during the period. Finally, Smallwood Wealth Investment Management LLC acquired a new stake in shares of iShares Bitcoin Trust ETF in the 1st quarter valued at approximately $30,000.

iShares Bitcoin Trust ETF Price Performance

IBIT opened at $66.20 on Friday. The business has a 50 day simple moving average of $65.39 and a 200-day simple moving average of $60.52. iShares Bitcoin Trust ETF has a 12 month low of $34.94 and a 12 month high of $71.82.

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.