Aristides Capital LLC Makes New Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Aristides Capital LLC acquired a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 122,920 shares of the company’s stock, valued at approximately $4,196,000. iShares Bitcoin Trust comprises 1.2% of Aristides Capital LLC’s investment portfolio, making the stock its 12th largest holding.

Other institutional investors have also recently made changes to their positions in the company. FinTrust Capital Advisors LLC acquired a new stake in iShares Bitcoin Trust in the 1st quarter worth approximately $26,000. Glass Jacobson Investment Advisors llc purchased a new stake in shares of iShares Bitcoin Trust during the second quarter valued at $26,000. Sound Income Strategies LLC purchased a new stake in shares of iShares Bitcoin Trust during the first quarter valued at $30,000. Creekmur Asset Management LLC acquired a new position in shares of iShares Bitcoin Trust in the 1st quarter valued at $30,000. Finally, International Assets Investment Management LLC purchased a new position in iShares Bitcoin Trust in the 2nd quarter worth $31,000.

iShares Bitcoin Trust Trading Down 3.4 %

iShares Bitcoin Trust stock opened at $36.13 on Tuesday. The business’s 50-day simple moving average is $34.61 and its two-hundred day simple moving average is $36.23. iShares Bitcoin Trust has a fifty-two week low of $22.02 and a fifty-two week 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.