Syon Capital LLC boosted its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 65.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 75,265 shares of the company’s stock after purchasing an additional 29,705 shares during the quarter. Syon Capital LLC’s holdings in iShares Bitcoin Trust ETF were worth $2,506,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of IBIT. TD Waterhouse Canada Inc. boosted its position in shares of iShares Bitcoin Trust ETF by 3.6% during the second quarter. TD Waterhouse Canada Inc. now owns 7,015 shares of the company’s stock worth $238,000 after buying an additional 243 shares during the period. Concurrent Investment Advisors LLC grew its stake in shares of iShares Bitcoin Trust ETF by 12.1% in the second quarter. Concurrent Investment Advisors LLC now owns 103,456 shares of the company’s stock worth $3,444,000 after purchasing an additional 11,140 shares in the last quarter. NEOS Investment Management LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 55.4% during the second quarter. NEOS Investment Management LLC now owns 5,424,563 shares of the company’s stock valued at $180,584,000 after purchasing an additional 1,933,888 shares during the period. WorthPointe LLC acquired a new position in shares of iShares Bitcoin Trust ETF during the second quarter valued at $265,000. Finally, Beacon Capital Management LLC bought a new stake in shares of iShares Bitcoin Trust ETF during the second quarter valued at about $408,000.
iShares Bitcoin Trust ETF Stock Performance
Shares of NASDAQ IBIT opened at $45.23 on Friday. The firm’s 50-day simple moving average is $38.08 and its 200 day simple moving average is $39.44. iShares Bitcoin Trust ETF has a fifty-two week low of $32.84 and a fifty-two week 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.
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