Tred Avon Family Wealth LLC Makes New $1.56 Million Investment in iShares Bitcoin Trust ETF $IBIT

Tred Avon Family Wealth LLC acquired a new stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the 3rd quarter, HoldingsChannel reports. The fund acquired 24,042 shares of the company’s stock, valued at approximately $1,563,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. JPMorgan Chase & Co. lifted its position in iShares Bitcoin Trust ETF by 1,119.9% during the second quarter. JPMorgan Chase & Co. now owns 3,217,056 shares of the company’s stock worth $196,916,000 after buying an additional 2,953,342 shares in the last quarter. Mint Tower Capital Management B.V. raised its holdings in shares of iShares Bitcoin Trust ETF by 1,131.5% during the 2nd quarter. Mint Tower Capital Management B.V. now owns 2,849,285 shares of the company’s stock worth $174,405,000 after acquiring an additional 2,617,925 shares during the period. Harvard Management Co. Inc. purchased a new position in shares of iShares Bitcoin Trust ETF during the 2nd quarter worth $116,666,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in shares of iShares Bitcoin Trust ETF during the 2nd quarter valued at about $113,404,000. Finally, Capula Management Ltd grew its holdings in shares of iShares Bitcoin Trust ETF by 22.5% in the second quarter. Capula Management Ltd now owns 9,481,233 shares of the company’s stock valued at $580,346,000 after purchasing an additional 1,739,073 shares during the period.

iShares Bitcoin Trust ETF Stock Up 0.4%

Shares of IBIT stock opened at $54.24 on Friday. The firm’s 50-day moving average is $51.59 and its two-hundred day moving average is $60.09. iShares Bitcoin Trust ETF has a 12 month low of $42.98 and a 12 month high of $71.82.

About iShares Bitcoin Trust ETF

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.