15,565 Shares in iShares Bitcoin Trust (NASDAQ:IBIT) Purchased by Fischer Investment Strategies LLC

Fischer Investment Strategies LLC purchased a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 15,565 shares of the company’s stock, valued at approximately $531,000. iShares Bitcoin Trust comprises 0.5% of Fischer Investment Strategies LLC’s investment portfolio, making the stock its 18th largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC bought a new stake in shares of iShares Bitcoin Trust in the 1st quarter worth $26,000. Glass Jacobson Investment Advisors llc bought a new stake in iShares Bitcoin Trust in the 2nd quarter worth about $26,000. Sound Income Strategies LLC bought a new stake in iShares Bitcoin Trust in the 1st quarter worth about $30,000. Creekmur Asset Management LLC purchased a new stake in iShares Bitcoin Trust in the 1st quarter valued at about $30,000. Finally, International Assets Investment Management LLC bought a new position in shares of iShares Bitcoin Trust during the 2nd quarter worth approximately $31,000.

iShares Bitcoin Trust Stock Performance

Shares of NASDAQ IBIT opened at $35.80 on Friday. The stock’s 50 day moving average price is $34.71 and its 200-day moving average price is $36.40. iShares Bitcoin Trust has a twelve month low of $22.02 and a twelve month high of $41.99.

iShares Bitcoin Trust 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.