iShares Bitcoin Trust (NASDAQ:IBIT) Holdings Raised by Townsquare Capital LLC

Townsquare Capital LLC increased its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 20.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,627 shares of the company’s stock after purchasing an additional 6,279 shares during the quarter. Townsquare Capital LLC’s holdings in iShares Bitcoin Trust were worth $1,323,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Glass Jacobson Investment Advisors llc bought a new position in shares of iShares Bitcoin Trust in the 2nd quarter worth about $26,000. Asset Dedication LLC boosted its stake in iShares Bitcoin Trust by 52.4% in the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after acquiring an additional 279 shares during the period. International Assets Investment Management LLC bought a new position in shares of iShares Bitcoin Trust during the second quarter valued at approximately $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of iShares Bitcoin Trust during the 2nd quarter worth approximately $36,000. Finally, Hantz Financial Services Inc. bought a new stake in shares of iShares Bitcoin Trust in the 2nd quarter worth approximately $36,000.

iShares Bitcoin Trust Stock Performance

Shares of IBIT opened at $55.21 on Monday. iShares Bitcoin Trust has a 12 month low of $22.02 and a 12 month high of $56.86. The stock has a fifty day moving average price of $42.45 and a 200 day moving average price of $38.10.

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.