Ground Swell Capital LLC Buys New Holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT)

Ground Swell Capital LLC bought a new stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 12,741 shares of the company’s stock, valued at approximately $596,000. iShares Bitcoin Trust ETF comprises about 1.3% of Ground Swell Capital LLC’s holdings, making the stock its 16th largest position.

A number of other large investors have also recently bought and sold shares of the company. Leavell Investment Management Inc. boosted its position in iShares Bitcoin Trust ETF by 3.3% in the first quarter. Leavell Investment Management Inc. now owns 6,200 shares of the company’s stock valued at $290,000 after buying an additional 199 shares during the last quarter. Barrett & Company Inc. boosted its position in iShares Bitcoin Trust ETF by 7.3% in the 1st quarter. Barrett & Company Inc. now owns 2,955 shares of the company’s stock worth $138,000 after purchasing an additional 200 shares in the last quarter. Orin Green Financial LLC boosted its position in iShares Bitcoin Trust ETF by 1.7% in the 1st quarter. Orin Green Financial LLC now owns 11,997 shares of the company’s stock worth $596,000 after purchasing an additional 200 shares in the last quarter. New England Capital Financial Advisors LLC boosted its position in iShares Bitcoin Trust ETF by 36.2% in the 1st quarter. New England Capital Financial Advisors LLC now owns 832 shares of the company’s stock worth $39,000 after purchasing an additional 221 shares in the last quarter. Finally, City Holding Co. boosted its position in iShares Bitcoin Trust ETF by 47.1% in the 1st quarter. City Holding Co. now owns 718 shares of the company’s stock worth $34,000 after purchasing an additional 230 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Performance

iShares Bitcoin Trust ETF stock opened at $69.84 on Thursday. iShares Bitcoin Trust ETF has a 12 month low of $30.24 and a 12 month high of $69.89. The stock’s 50 day simple moving average is $63.72 and its two-hundred day simple moving average is $56.66.

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.