Nkcfo LLC Invests $819,000 in iShares Bitcoin Trust (NASDAQ:IBIT)

Nkcfo LLC purchased a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 24,000 shares of the company’s stock, valued at approximately $819,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FinTrust Capital Advisors LLC acquired a new stake in iShares Bitcoin Trust during the first quarter valued at $26,000. Glass Jacobson Investment Advisors llc acquired a new stake in iShares Bitcoin Trust in the second quarter valued at approximately $26,000. Sound Income Strategies LLC acquired a new stake in iShares Bitcoin Trust in the first quarter valued at approximately $30,000. Creekmur Asset Management LLC purchased a new stake in shares of iShares Bitcoin Trust in the first quarter valued at approximately $30,000. Finally, International Assets Investment Management LLC acquired a new position in shares of iShares Bitcoin Trust during the 2nd quarter worth approximately $31,000.

iShares Bitcoin Trust Price Performance

iShares Bitcoin Trust stock opened at $35.80 on Friday. The company’s fifty day moving average price is $34.71 and its 200 day moving average price is $36.39. iShares Bitcoin Trust has a 1 year low of $22.02 and a 1 year high of $41.99.

iShares Bitcoin Trust 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.