Bessemer Group Inc. Grows Stock Holdings in iShares Bitcoin Trust ETF $IBIT

Bessemer Group Inc. raised its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 20.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 13,464 shares of the company’s stock after buying an additional 2,255 shares during the quarter. Bessemer Group Inc.’s holdings in iShares Bitcoin Trust ETF were worth $824,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Signature Resources Capital Management LLC grew its holdings in shares of iShares Bitcoin Trust ETF by 81.6% in the 2nd quarter. Signature Resources Capital Management LLC now owns 445 shares of the company’s stock worth $27,000 after acquiring an additional 200 shares during the period. Mather Group LLC. boosted its position in iShares Bitcoin Trust ETF by 164.2% during the first quarter. Mather Group LLC. now owns 605 shares of the company’s stock worth $28,000 after purchasing an additional 376 shares in the last quarter. Berbice Capital Management LLC boosted its position in iShares Bitcoin Trust ETF by 100.0% during the first quarter. Berbice Capital Management LLC now owns 600 shares of the company’s stock worth $28,000 after purchasing an additional 300 shares in the last quarter. TD Capital Management LLC grew its holdings in iShares Bitcoin Trust ETF by 48.9% in the first quarter. TD Capital Management LLC now owns 636 shares of the company’s stock valued at $30,000 after purchasing an additional 209 shares during the last quarter. Finally, RMG Wealth Management LLC purchased a new position in shares of iShares Bitcoin Trust ETF in the second quarter valued at $30,000.

iShares Bitcoin Trust ETF Stock Up 3.1%

NASDAQ:IBIT opened at $62.30 on Friday. iShares Bitcoin Trust ETF has a 52-week low of $38.17 and a 52-week high of $71.82. The stock has a fifty day simple moving average of $64.41 and a 200-day simple moving average of $62.19.

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.