Sound Financial Strategies Group LLC purchased a new stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 16,935 shares of the company’s stock, valued at approximately $564,000. iShares Bitcoin Trust ETF makes up approximately 0.4% of Sound Financial Strategies Group LLC’s investment portfolio, making the stock its 22nd largest holding.
Several other institutional investors and hedge funds also recently modified their holdings of IBIT. Wealthfront Advisers LLC raised its position in iShares Bitcoin Trust ETF by 20.5% in the 2nd quarter. Wealthfront Advisers LLC now owns 1,760,650 shares of the company’s stock valued at $58,612,000 after buying an additional 300,119 shares during the last quarter. Element Pointe Advisors LLC boosted its position in iShares Bitcoin Trust ETF by 5.0% during the 2nd quarter. Element Pointe Advisors LLC now owns 92,524 shares of the company’s stock worth $3,080,000 after acquiring an additional 4,392 shares during the last quarter. Gould Capital LLC grew its stake in shares of iShares Bitcoin Trust ETF by 74.0% during the 2nd quarter. Gould Capital LLC now owns 44,962 shares of the company’s stock worth $1,497,000 after acquiring an additional 19,115 shares in the last quarter. K.J. Harrison & Partners Inc grew its stake in shares of iShares Bitcoin Trust ETF by 156.0% during the 2nd quarter. K.J. Harrison & Partners Inc now owns 49,228 shares of the company’s stock worth $1,639,000 after acquiring an additional 30,000 shares in the last quarter. Finally, Luminist Capital LLC raised its holdings in shares of iShares Bitcoin Trust ETF by 60.1% in the second quarter. Luminist Capital LLC now owns 4,320 shares of the company’s stock valued at $134,000 after purchasing an additional 1,622 shares during the last quarter.
iShares Bitcoin Trust ETF Price Performance
Shares of IBIT stock opened at $36.60 on Wednesday. The company’s fifty day simple moving average is $35.92 and its 200-day simple moving average is $39.18. iShares Bitcoin Trust ETF has a 12 month low of $32.84 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.
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