Compass Ion Advisors LLC bought a new position in iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) in the first quarter, HoldingsChannel.com reports. The fund bought 8,523 shares of the company’s stock, valued at approximately $345,000.
A number of other large investors have also added to or reduced their stakes in the stock. Sound Income Strategies LLC bought a new stake in iShares Bitcoin Trust in the 1st quarter worth approximately $30,000. Salem Investment Counselors Inc. bought a new stake in shares of iShares Bitcoin Trust during the 1st quarter valued at $41,000. Catalyst Private Wealth LLC bought a new stake in shares of iShares Bitcoin Trust during the 1st quarter valued at $212,000. Graybill Wealth Management LTD. bought a new stake in shares of iShares Bitcoin Trust during the 1st quarter valued at $236,000. Finally, Investment Partners Asset Management Inc. bought a new stake in shares of iShares Bitcoin Trust during the 1st quarter valued at $249,000.
iShares Bitcoin Trust Stock Up 5.4 %
Shares of IBIT stock opened at $36.00 on Tuesday. iShares Bitcoin Trust has a 1 year low of $22.02 and a 1 year high of $41.99. The company’s fifty day simple moving average is $37.14.
iShares Bitcoin Trust 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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Want to see what other hedge funds are holding IBIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Bitcoin Trust (NASDAQ:IBIT – Free Report).
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