Sound View Wealth Advisors Group LLC Purchases 7,393 Shares of iShares Bitcoin Trust ETF $IBIT

Sound View Wealth Advisors Group LLC lifted its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 53.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 21,130 shares of the company’s stock after purchasing an additional 7,393 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,293,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Signature Resources Capital Management LLC lifted its position in iShares Bitcoin Trust ETF by 81.6% during 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. TD Capital Management LLC grew its position in shares of iShares Bitcoin Trust ETF by 48.9% in the first quarter. TD Capital Management LLC now owns 636 shares of the company’s stock valued at $30,000 after purchasing an additional 209 shares during the last quarter. RMG Wealth Management LLC bought a new position in shares of iShares Bitcoin Trust ETF in the second quarter worth about $30,000. JFS Wealth Advisors LLC lifted its position in shares of iShares Bitcoin Trust ETF by 1,277.1% during 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 last quarter. Finally, Reyes Financial Architecture Inc. acquired a new position in shares of iShares Bitcoin Trust ETF during the 1st quarter worth about $33,000.

iShares Bitcoin Trust ETF Stock Up 2.8%

IBIT opened at $58.88 on Monday. The stock’s 50 day moving average price is $63.97 and its two-hundred day moving average price is $62.69. iShares Bitcoin Trust ETF has a 12-month low of $42.98 and a 12-month high of $71.82.

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.