1,926 Shares in iShares Bitcoin Trust (NASDAQ:IBIT) Purchased by Spectrum Wealth Counsel LLC

Spectrum Wealth Counsel LLC acquired a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the second quarter, Holdings Channel reports. The fund acquired 1,926 shares of the company’s stock, valued at approximately $66,000.

Several other hedge funds and other institutional investors also recently modified their holdings of IBIT. FinTrust Capital Advisors LLC purchased a new position in iShares Bitcoin Trust in the 1st quarter valued at $26,000. Creekmur Asset Management LLC acquired a new stake in shares of iShares Bitcoin Trust in the 1st quarter worth $30,000. Sound Income Strategies LLC purchased a new stake in shares of iShares Bitcoin Trust in the first quarter valued at about $30,000. International Assets Investment Management LLC acquired a new position in shares of iShares Bitcoin Trust during the second quarter worth about $31,000. Finally, Hazlett Burt & Watson Inc. purchased a new position in iShares Bitcoin Trust during the first quarter worth about $40,000.

iShares Bitcoin Trust Stock Performance

Shares of NASDAQ:IBIT opened at $34.04 on Friday. iShares Bitcoin Trust has a 52 week low of $22.02 and a 52 week high of $41.99. The company has a 50-day moving average price of $34.51 and a 200 day moving average price of $36.45.

iShares Bitcoin Trust Company 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.