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

Manchester Capital Management LLC bought a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,906 shares of the company’s stock, valued at approximately $279,000.

Other large investors have also recently made changes to their positions in the company. Quattro Financial Advisors LLC purchased a new stake in iShares Bitcoin Trust in the first quarter valued at approximately $18,948,000. Context Capital Management LLC purchased a new stake in iShares Bitcoin Trust in the 1st quarter valued at $17,928,000. Oxler Private Wealth LLC acquired a new stake in iShares Bitcoin Trust during the 1st quarter worth $11,241,000. Cambridge Investment Research Advisors Inc. acquired a new stake in iShares Bitcoin Trust during the 1st quarter worth $11,178,000. Finally, Commonwealth Equity Services LLC purchased a new position in iShares Bitcoin Trust during the 1st quarter worth $10,363,000.

iShares Bitcoin Trust Stock Up 0.9 %

IBIT stock traded up $0.30 during trading on Friday, hitting $33.00. The company had a trading volume of 5,998,680 shares, compared to its average volume of 31,541,920. iShares Bitcoin Trust has a 1-year low of $22.02 and a 1-year high of $41.99. The company has a 50-day simple moving average of $36.83.

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.