Matrix Private Capital Group LLC Invests $2.72 Million in iShares Bitcoin Trust ETF $IBIT

Matrix Private Capital Group LLC acquired a new stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 70,800 shares of the company’s stock, valued at approximately $2,720,000. iShares Bitcoin Trust ETF makes up 1.3% of Matrix Private Capital Group LLC’s portfolio, making the stock its 19th biggest holding.

Other institutional investors also recently modified their holdings of the company. Marshall & Sterling Wealth Advisors Inc. boosted its stake in iShares Bitcoin Trust ETF by 12,500.0% during the fourth quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock worth $25,000 after acquiring an additional 500 shares in the last quarter. Key Capital Management INC bought a new stake in iShares Bitcoin Trust ETF in the fourth quarter valued at $26,000. Vermillion & White Wealth Management Group LLC increased its stake in iShares Bitcoin Trust ETF by 637.5% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 531 shares of the company’s stock valued at $26,000 after purchasing an additional 459 shares in the last quarter. Sfam LLC bought a new stake in iShares Bitcoin Trust ETF in the fourth quarter valued at $26,000. Finally, Semmax Financial Advisors Inc. raised its holdings in shares of iShares Bitcoin Trust ETF by 135.9% during the second quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock valued at $33,000 after purchasing an additional 284 shares during the period.

iShares Bitcoin Trust ETF Trading Down 0.8%

Shares of NASDAQ IBIT opened at $36.35 on Friday. The firm’s 50-day moving average price is $37.37 and its 200-day moving average price is $41.15. iShares Bitcoin Trust ETF has a 1-year low of $32.84 and a 1-year high of $71.82.

iShares Bitcoin Trust ETF 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.