Northeast Investment Management Invests $254,000 in iShares Bitcoin Trust ETF $IBIT

Northeast Investment Management purchased a new position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,150 shares of the company’s stock, valued at approximately $254,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Calamos Wealth Management LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 27.1% in the 2nd quarter. Calamos Wealth Management LLC now owns 27,213 shares of the company’s stock worth $1,666,000 after buying an additional 5,800 shares during the last quarter. Salomon & Ludwin LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 682.4% in the 2nd quarter. Salomon & Ludwin LLC now owns 8,043 shares of the company’s stock worth $502,000 after buying an additional 7,015 shares during the last quarter. Chicago Partners Investment Group LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 19.3% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 28,637 shares of the company’s stock worth $1,927,000 after buying an additional 4,631 shares during the last quarter. Joseph P. Lucia & Associates LLC grew its holdings in shares of iShares Bitcoin Trust ETF by 9.2% during the 2nd quarter. Joseph P. Lucia & Associates LLC now owns 7,852 shares of the company’s stock valued at $481,000 after purchasing an additional 660 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of iShares Bitcoin Trust ETF during the 2nd quarter valued at $1,060,000.

iShares Bitcoin Trust ETF Stock Down 1.6%

IBIT stock opened at $60.47 on Monday. iShares Bitcoin Trust ETF has a 52 week low of $37.09 and a 52 week high of $71.82. The firm’s fifty day moving average is $65.12 and its 200 day moving average is $61.13.

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.