Bank of Montreal Can Acquires 723 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Bank of Montreal Can increased its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 0.5% during the second quarter, HoldingsChannel.com reports. The fund owned 134,332 shares of the company’s stock after buying an additional 723 shares during the quarter. Bank of Montreal Can’s holdings in iShares Bitcoin Trust were worth $4,586,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of IBIT. FinTrust Capital Advisors LLC bought a new stake in iShares Bitcoin Trust during the first quarter worth $26,000. Glass Jacobson Investment Advisors llc bought a new stake in iShares Bitcoin Trust during the second quarter worth $26,000. Sound Income Strategies LLC bought a new stake in iShares Bitcoin Trust during the first quarter worth $30,000. Creekmur Asset Management LLC bought a new stake in iShares Bitcoin Trust during the first quarter worth $30,000. Finally, International Assets Investment Management LLC bought a new stake in iShares Bitcoin Trust during the second quarter worth $31,000.

iShares Bitcoin Trust Stock Performance

Shares of IBIT opened at $35.13 on Wednesday. The stock’s fifty day moving average price is $34.61 and its two-hundred day moving average price is $36.23. iShares Bitcoin Trust has a 1 year low of $22.02 and a 1 year high of $41.99.

iShares Bitcoin Trust 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.