Thrivent Financial for Lutherans Has $529,000 Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Thrivent Financial for Lutherans grew its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 12.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,505 shares of the company’s stock after purchasing an additional 1,748 shares during the quarter. Thrivent Financial for Lutherans’ holdings in iShares Bitcoin Trust were worth $529,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Bracebridge Capital LLC bought a new position in shares of iShares Bitcoin Trust in the first quarter valued at about $100,639,000. Titan Global Capital Management USA LLC bought a new position in iShares Bitcoin Trust in the first quarter valued at approximately $65,558,000. Murchinson Ltd. acquired a new position in iShares Bitcoin Trust in the 1st quarter worth $35,531,000. Hunting Hill Global Capital LLC bought a new position in shares of iShares Bitcoin Trust during the second quarter worth about $25,614,000. Finally, Virtu Financial LLC acquired a new stake in shares of iShares Bitcoin Trust in the second quarter valued at approximately $22,273,000.

iShares Bitcoin Trust Stock Down 1.8 %

NASDAQ:IBIT opened at $35.40 on Wednesday. iShares Bitcoin Trust has a 52-week low of $22.02 and a 52-week high of $41.99. The stock’s 50-day simple moving average is $34.31 and its 200 day simple moving average is $36.13.

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.