AlTi Global Inc. Acquires 141,441 Shares of iShares Bitcoin Trust ETF $IBIT

AlTi Global Inc. raised its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 49.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 426,318 shares of the company’s stock after purchasing an additional 141,441 shares during the period. iShares Bitcoin Trust ETF accounts for 0.7% of AlTi Global Inc.’s holdings, making the stock its 22nd biggest position. AlTi Global Inc.’s holdings in iShares Bitcoin Trust ETF were worth $26,867,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Evermay Wealth Management LLC increased its stake in shares of iShares Bitcoin Trust ETF by 15.8% in the second quarter. Evermay Wealth Management LLC now owns 1,100 shares of the company’s stock worth $67,000 after purchasing an additional 150 shares in the last quarter. Osterweis Capital Management Inc. lifted its stake in shares of iShares Bitcoin Trust ETF by 10.8% during the 1st quarter. Osterweis Capital Management Inc. now owns 1,817 shares of the company’s stock valued at $85,000 after buying an additional 177 shares in the last quarter. Philadelphia Trust Co. boosted its holdings 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 boosted its holdings in iShares Bitcoin Trust ETF by 2.4% in the 2nd quarter. GSG Advisors LLC now owns 7,576 shares of the company’s stock worth $464,000 after buying an additional 180 shares during the period. Finally, Eagle Bay Advisors LLC increased its stake 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 worth $305,000 after buying an additional 187 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Performance

Shares of iShares Bitcoin Trust ETF stock opened at $62.56 on Friday. The stock’s 50-day simple moving average is $64.68 and its 200-day simple moving average is $61.38. iShares Bitcoin Trust ETF has a 52 week low of $37.47 and a 52 week high of $71.82.

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.