Salomon & Ludwin LLC Buys 7,015 Shares of iShares Bitcoin Trust ETF $IBIT

Salomon & Ludwin LLC raised its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 682.4% during the second quarter, HoldingsChannel.com reports. The fund owned 8,043 shares of the company’s stock after purchasing an additional 7,015 shares during the quarter. Salomon & Ludwin LLC’s holdings in iShares Bitcoin Trust ETF were worth $502,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. American Capital Advisory LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 144.7% in the 1st quarter. American Capital Advisory LLC now owns 553 shares of the company’s stock worth $26,000 after buying an additional 327 shares during the last quarter. Signature Resources Capital Management LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 81.6% in the 2nd quarter. Signature Resources Capital Management LLC now owns 445 shares of the company’s stock worth $27,000 after buying an additional 200 shares during the last quarter. Mather Group LLC. increased its holdings in shares of iShares Bitcoin Trust ETF by 164.2% in the 1st quarter. Mather Group LLC. now owns 605 shares of the company’s stock worth $28,000 after buying an additional 376 shares during the last quarter. Berbice Capital Management LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 100.0% in the 1st quarter. Berbice Capital Management LLC now owns 600 shares of the company’s stock worth $28,000 after buying an additional 300 shares during the last quarter. Finally, Smallwood Wealth Investment Management LLC bought a new stake in shares of iShares Bitcoin Trust ETF in the 1st quarter worth about $30,000.

iShares Bitcoin Trust ETF Stock Performance

iShares Bitcoin Trust ETF stock opened at $60.47 on Friday. The company’s 50-day moving average price is $65.12 and its 200-day moving average price is $61.03. iShares Bitcoin Trust ETF has a twelve month low of $37.09 and a twelve 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.