iShares Bitcoin Trust ETF $IBIT Position Boosted by Gradient Investments LLC

Gradient Investments LLC lifted its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 104.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,782 shares of the company’s stock after purchasing an additional 48,429 shares during the period. Gradient Investments LLC’s holdings in iShares Bitcoin Trust ETF were worth $3,155,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. McIlrath & Eck LLC boosted its holdings in iShares Bitcoin Trust ETF by 30.3% during the second quarter. McIlrath & Eck LLC now owns 701 shares of the company’s stock worth $43,000 after buying an additional 163 shares in the last quarter. Vivaldi Capital Management LP increased its holdings in shares of iShares Bitcoin Trust ETF by 3.3% in the second quarter. Vivaldi Capital Management LP now owns 5,138 shares of the company’s stock valued at $314,000 after buying an additional 163 shares in the last quarter. ST Germain D J Co. Inc. increased its holdings in shares of iShares Bitcoin Trust ETF by 2.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 8,059 shares of the company’s stock valued at $400,000 after buying an additional 220 shares in the last quarter. Diligent Investors LLC lifted its position in shares of iShares Bitcoin Trust ETF by 5.7% during the 4th quarter. Diligent Investors LLC now owns 4,153 shares of the company’s stock valued at $206,000 after acquiring an additional 223 shares during the last quarter. Finally, Channel Wealth LLC lifted its position in shares of iShares Bitcoin Trust ETF by 5.7% during the 4th quarter. Channel Wealth LLC now owns 4,293 shares of the company’s stock valued at $213,000 after acquiring an additional 233 shares during the last quarter.

iShares Bitcoin Trust ETF Price Performance

IBIT opened at $36.80 on Friday. The business has a fifty day simple moving average of $36.05 and a 200-day simple moving average of $39.99. iShares Bitcoin Trust ETF has a fifty-two week low of $32.84 and a fifty-two week 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.