508,462 Shares in iShares Bitcoin Trust (NASDAQ:IBIT) Bought by DRW Securities LLC

DRW Securities LLC purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 508,462 shares of the company’s stock, valued at approximately $17,359,000. iShares Bitcoin Trust makes up approximately 0.7% of DRW Securities LLC’s holdings, making the stock its 15th biggest holding. DRW Securities LLC owned 0.14% of iShares Bitcoin Trust at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of IBIT. Brookstone Capital Management purchased a new position in iShares Bitcoin Trust in the first quarter worth $7,017,000. Kingsview Wealth Management LLC purchased a new position in iShares Bitcoin Trust in the first quarter worth $1,403,000. Financial Sense Advisors Inc. purchased a new position in iShares Bitcoin Trust in the first quarter worth $1,278,000. Axxcess Wealth Management LLC purchased a new position in iShares Bitcoin Trust in the first quarter worth $965,000. Finally, Traynor Capital Management Inc. purchased a new position in iShares Bitcoin Trust in the first quarter worth $3,666,000.

iShares Bitcoin Trust Price Performance

IBIT stock opened at $35.80 on Friday. iShares Bitcoin Trust has a 1-year low of $22.02 and a 1-year high of $41.99. The stock’s fifty day simple moving average is $34.71 and its two-hundred day simple moving average is $36.40.

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.