Ranch Capital Advisors Inc. purchased a new position in iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 13,408 shares of the company’s stock, valued at approximately $458,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of IBIT. Bracebridge Capital LLC bought a new position in iShares Bitcoin Trust during the first quarter worth $100,639,000. Titan Global Capital Management USA LLC bought a new position in shares of iShares Bitcoin Trust in the 1st quarter worth about $65,558,000. Murchinson Ltd. acquired a new position in shares of iShares Bitcoin Trust in the 1st quarter valued at about $35,531,000. Hunting Hill Global Capital LLC bought a new stake in shares of iShares Bitcoin Trust during the 2nd quarter valued at about $25,614,000. Finally, Virtu Financial LLC acquired a new stake in iShares Bitcoin Trust during the second quarter worth about $22,273,000.
iShares Bitcoin Trust Stock Performance
Shares of IBIT stock opened at $36.01 on Friday. The business has a 50 day moving average of $34.65 and a two-hundred day moving average of $36.41. iShares Bitcoin Trust has a 52 week low of $22.02 and a 52 week high of $41.99.
About iShares Bitcoin Trust
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.
Read More
- Five stocks we like better than iShares Bitcoin Trust
- 5 discounted opportunities for dividend growth investors
- Autohome’s Dividend and Buyback Make It a Strong EV Play
- 2 Fintech Stocks to Buy Now and 1 to Avoid
- Cracker Barrel Is at the Bottom of the Barrel: Time to Buy?
- 3 Small Caps With Big Return Potential
- Why Shopify Stock Has Analysts Buzzing About Big Gains
Want to see what other hedge funds are holding IBIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Bitcoin Trust (NASDAQ:IBIT – Free Report).
Receive News & Ratings for iShares Bitcoin Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Bitcoin Trust and related companies with MarketBeat.com's FREE daily email newsletter.