Brown Wealth Management LLC Boosts Position in iShares Bitcoin Trust ETF $IBIT

Brown Wealth Management LLC boosted its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 63.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,662 shares of the company’s stock after buying an additional 24,649 shares during the quarter. iShares Bitcoin Trust ETF makes up 1.2% of Brown Wealth Management LLC’s portfolio, making the stock its 22nd largest position. Brown Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $3,897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in IBIT. Evermay Wealth Management LLC boosted its holdings 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 purchasing an additional 150 shares during the period. Osterweis Capital Management Inc. raised its position in 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 purchasing an additional 177 shares in the last quarter. Philadelphia Trust Co. raised its position in iShares Bitcoin Trust ETF by 1.5% during the 1st quarter. Philadelphia Trust Co. now owns 11,891 shares of the company’s stock valued at $557,000 after purchasing an additional 180 shares in the last quarter. GSG Advisors LLC lifted its holdings in shares of 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, WealthTrust Asset Management LLC grew its position in shares of iShares Bitcoin Trust ETF by 1.2% during the 2nd quarter. WealthTrust Asset Management LLC now owns 15,013 shares of the company’s stock worth $919,000 after buying an additional 183 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Performance

Shares of iShares Bitcoin Trust ETF stock opened at $52.66 on Wednesday. The stock’s fifty day moving average price is $62.95 and its 200-day moving average price is $62.76. iShares Bitcoin Trust ETF has a 12 month low of $42.98 and a 12 month 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.