Concurrent Investment Advisors LLC Purchases 4,302 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Concurrent Investment Advisors LLC increased its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 64.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 11,006 shares of the company’s stock after acquiring an additional 4,302 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in iShares Bitcoin Trust were worth $376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of IBIT. FinTrust Capital Advisors LLC bought a new stake in shares of iShares Bitcoin Trust in the first quarter worth $26,000. Sound Income Strategies LLC bought a new stake in iShares Bitcoin Trust during the first quarter valued at about $30,000. Creekmur Asset Management LLC bought a new stake in iShares Bitcoin Trust during the first quarter valued at about $30,000. International Assets Investment Management LLC bought a new stake in iShares Bitcoin Trust during the second quarter valued at about $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in iShares Bitcoin Trust during the second quarter valued at about $36,000.

iShares Bitcoin Trust Price Performance

NASDAQ:IBIT opened at $32.98 on Wednesday. The stock has a 50-day simple moving average of $34.86 and a two-hundred day simple moving average of $36.33. iShares Bitcoin Trust has a 52-week low of $22.02 and a 52-week high of $41.99.

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.