Commonwealth Financial Services LLC Purchases Shares of 11,407 iShares Bitcoin Trust (NASDAQ:IBIT)

Commonwealth Financial Services LLC acquired a new position in iShares Bitcoin Trust (NASDAQ:IBIT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,407 shares of the company’s stock, valued at approximately $367,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IBIT. Bfsg LLC increased its holdings in iShares Bitcoin Trust by 34.7% in the second quarter. Bfsg LLC now owns 1,360 shares of the company’s stock worth $46,000 after purchasing an additional 350 shares in the last quarter. Cedar Mountain Advisors LLC lifted its position in shares of iShares Bitcoin Trust by 39.1% during the 2nd quarter. Cedar Mountain Advisors LLC now owns 1,362 shares of the company’s stock valued at $46,000 after acquiring an additional 383 shares during the period. Csenge Advisory Group boosted its stake in iShares Bitcoin Trust by 3.0% during the second quarter. Csenge Advisory Group now owns 14,477 shares of the company’s stock worth $494,000 after acquiring an additional 423 shares in the last quarter. Masso Torrence Wealth Management Inc. boosted its stake in iShares Bitcoin Trust by 5.3% during the second quarter. Masso Torrence Wealth Management Inc. now owns 8,662 shares of the company’s stock worth $296,000 after acquiring an additional 435 shares in the last quarter. Finally, Burkett Financial Services LLC grew its holdings in iShares Bitcoin Trust by 94.0% in the second quarter. Burkett Financial Services LLC now owns 1,168 shares of the company’s stock worth $40,000 after purchasing an additional 566 shares during the period.

iShares Bitcoin Trust Trading Down 0.6 %

Shares of NASDAQ IBIT opened at $35.80 on Monday. The firm’s 50-day moving average price is $34.71 and its 200-day moving average price is $36.39. iShares Bitcoin Trust has a 1-year low of $22.02 and a 1-year 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.