GK Wealth Management LLC Invests $2.23 Million in iShares Bitcoin Trust ETF $IBIT

GK Wealth Management LLC purchased a new position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 66,935 shares of the company’s stock, valued at approximately $2,228,000. iShares Bitcoin Trust ETF accounts for about 1.2% of GK Wealth Management LLC’s portfolio, making the stock its 19th largest holding.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC acquired a new stake in iShares Bitcoin Trust ETF in the fourth quarter valued at $711,000. Bison Wealth LLC acquired a new stake in iShares Bitcoin Trust ETF in the 4th quarter valued at about $3,140,000. Royal Bank of Canada raised its position in iShares Bitcoin Trust ETF by 3.6% during the first quarter. Royal Bank of Canada now owns 61,926 shares of the company’s stock worth $2,898,000 after acquiring an additional 2,148 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of iShares Bitcoin Trust ETF by 427.2% in the first quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock valued at $102,000 after purchasing an additional 1,760 shares during the last quarter. Finally, Sivia Capital Partners LLC purchased a new position in shares of iShares Bitcoin Trust ETF during the 2nd quarter worth approximately $357,000.

iShares Bitcoin Trust ETF Trading Up 0.6%

Shares of NASDAQ:IBIT opened at $36.39 on Wednesday. The business’s fifty day moving average price is $36.37 and its two-hundred day moving average price is $40.26. iShares Bitcoin Trust ETF has a one year low of $32.84 and a one year 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.