Cardinal Point Capital Management ULC Makes New Investment in iShares Bitcoin Trust ETF $IBIT

Cardinal Point Capital Management ULC 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 firm purchased 3,875 shares of the company’s stock, valued at approximately $237,000.

Other large investors have also added to or reduced their stakes in the company. Signature Resources Capital Management LLC grew its holdings in 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 worth $27,000 after acquiring an additional 200 shares during the last quarter. RMG Wealth Management LLC bought a new stake in iShares Bitcoin Trust ETF in the 2nd quarter worth $30,000. JFS Wealth Advisors LLC lifted its position in shares of iShares Bitcoin Trust ETF by 1,277.1% in the 2nd quarter. JFS Wealth Advisors LLC now owns 482 shares of the company’s stock worth $30,000 after purchasing an additional 447 shares during the period. American Capital Advisory LLC lifted its position 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 worth $26,000 after purchasing an additional 327 shares during the period. Finally, Berbice Capital Management LLC lifted its position 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 worth $28,000 after purchasing an additional 300 shares during the period.

iShares Bitcoin Trust ETF Stock Up 0.4%

NASDAQ:IBIT opened at $62.83 on Friday. The company has a 50-day moving average price of $64.60 and a 200-day moving average price of $61.51. iShares Bitcoin Trust ETF has a 12 month low of $37.47 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.