Cannon Global Investment Management LLC Takes Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Cannon Global Investment Management LLC bought a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,800 shares of the company’s stock, valued at approximately $210,000.

Other hedge funds have also modified their holdings of the company. FinTrust Capital Advisors LLC acquired a new stake in shares of iShares Bitcoin Trust in the first quarter valued at about $26,000. Creekmur Asset Management LLC purchased a new stake in shares of iShares Bitcoin Trust in the first quarter valued at about $30,000. Glass Jacobson Investment Advisors llc purchased a new stake in shares of iShares Bitcoin Trust in the second quarter valued at about $26,000. Asset Dedication LLC grew its holdings in shares of iShares Bitcoin Trust by 52.4% in the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after purchasing an additional 279 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in shares of iShares Bitcoin Trust in the second quarter valued at about $31,000.

iShares Bitcoin Trust Trading Down 1.0 %

Shares of IBIT traded down $0.41 during mid-day trading on Friday, reaching $39.37. The stock had a trading volume of 49,930,218 shares, compared to its average volume of 30,914,936. iShares Bitcoin Trust has a 52-week low of $22.02 and a 52-week high of $41.99. The business’s fifty day moving average is $35.82 and its 200 day moving average is $36.06.

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.