Arrowroot Family Office LLC Makes New Investment in iShares Bitcoin Trust ETF $IBIT

Arrowroot Family Office LLC purchased a new position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the 2nd quarter, Holdings Channel reports. The firm purchased 5,605 shares of the company’s stock, valued at approximately $343,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Evermay Wealth Management LLC boosted its position in shares of iShares Bitcoin Trust ETF by 15.8% during the 2nd quarter. Evermay Wealth Management LLC now owns 1,100 shares of the company’s stock valued at $67,000 after acquiring an additional 150 shares in the last quarter. Osterweis Capital Management Inc. boosted its position in shares of iShares Bitcoin Trust ETF by 10.8% during the 1st quarter. Osterweis Capital Management Inc. now owns 1,817 shares of the company’s stock valued at $85,000 after acquiring an additional 177 shares in the last quarter. Philadelphia Trust Co. boosted its position in shares of iShares Bitcoin Trust ETF by 1.5% during the 1st quarter. Philadelphia Trust Co. now owns 11,891 shares of the company’s stock valued at $557,000 after acquiring an additional 180 shares in the last quarter. GSG Advisors LLC boosted its position in shares of iShares Bitcoin Trust ETF by 2.4% during the 2nd quarter. GSG Advisors LLC now owns 7,576 shares of the company’s stock valued at $464,000 after acquiring an additional 180 shares in the last quarter. Finally, Eagle Bay Advisors LLC boosted its position in shares of iShares Bitcoin Trust ETF by 3.9% during the 2nd quarter. Eagle Bay Advisors LLC now owns 4,979 shares of the company’s stock valued at $305,000 after acquiring an additional 187 shares in the last quarter.

iShares Bitcoin Trust ETF Trading Down 5.5%

Shares of iShares Bitcoin Trust ETF stock opened at $57.18 on Wednesday. The firm’s 50-day simple moving average is $64.24 and its 200-day simple moving average is $62.54. iShares Bitcoin Trust ETF has a twelve month low of $39.11 and a twelve month high of $71.82.

iShares Bitcoin Trust ETF 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.