Heirloom Wealth Management Increases Stock Position in iShares Bitcoin Trust ETF $IBIT

Heirloom Wealth Management raised its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 1.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 114,578 shares of the company’s stock after purchasing an additional 2,026 shares during the period. iShares Bitcoin Trust ETF accounts for approximately 1.9% of Heirloom Wealth Management’s portfolio, making the stock its 18th largest holding. Heirloom Wealth Management’s holdings in iShares Bitcoin Trust ETF were worth $7,013,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Evermay Wealth Management LLC raised its position 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 valued at $67,000 after buying an additional 150 shares during the last quarter. Osterweis Capital Management Inc. raised its position in shares of iShares Bitcoin Trust ETF by 10.8% in the first 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 during the last quarter. Philadelphia Trust Co. raised its position in shares of iShares Bitcoin Trust ETF by 1.5% in the first quarter. Philadelphia Trust Co. now owns 11,891 shares of the company’s stock valued at $557,000 after buying an additional 180 shares during the last quarter. GSG Advisors LLC raised its position in shares of iShares Bitcoin Trust ETF by 2.4% in the second quarter. GSG Advisors LLC now owns 7,576 shares of the company’s stock valued at $464,000 after buying an additional 180 shares during the last quarter. Finally, Eagle Bay Advisors LLC raised its position in shares of iShares Bitcoin Trust ETF by 3.9% in the second 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 last quarter.

iShares Bitcoin Trust ETF Price Performance

NASDAQ:IBIT opened at $62.83 on Friday. The firm has a 50 day simple moving average of $64.60 and a 200-day simple moving average of $61.63. iShares Bitcoin Trust ETF has a 1-year low of $37.47 and a 1-year 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.