Tarbox Family Office Inc. Boosts Stake in iShares Bitcoin Trust ETF $IBIT

Tarbox Family Office Inc. increased its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 98.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 29,817 shares of the company’s stock after purchasing an additional 14,823 shares during the quarter. iShares Bitcoin Trust ETF makes up about 0.3% of Tarbox Family Office Inc.’s investment portfolio, making the stock its 29th largest holding. Tarbox Family Office Inc.’s holdings in iShares Bitcoin Trust ETF were worth $1,825,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Signature Resources Capital Management LLC boosted its holdings in shares of iShares Bitcoin Trust ETF by 81.6% during the 2nd quarter. Signature Resources Capital Management LLC now owns 445 shares of the company’s stock valued at $27,000 after buying an additional 200 shares in the last quarter. TD Capital Management LLC lifted its position in iShares Bitcoin Trust ETF by 48.9% during the 1st quarter. TD Capital Management LLC now owns 636 shares of the company’s stock valued at $30,000 after acquiring an additional 209 shares during the period. RMG Wealth Management LLC bought a new stake in iShares Bitcoin Trust ETF during the second quarter worth about $30,000. JFS Wealth Advisors LLC grew its holdings in iShares Bitcoin Trust ETF by 1,277.1% in the second quarter. JFS Wealth Advisors LLC now owns 482 shares of the company’s stock worth $30,000 after purchasing an additional 447 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in iShares Bitcoin Trust ETF by 261.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 730 shares of the company’s stock worth $34,000 after purchasing an additional 528 shares during the period.

iShares Bitcoin Trust ETF Trading Down 3.7%

IBIT stock opened at $50.73 on Thursday. The firm has a 50 day moving average price of $62.68 and a 200-day moving average price of $62.68. iShares Bitcoin Trust ETF has a 52-week low of $42.98 and a 52-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.