Cutler Investment Counsel LLC Purchases 618 Shares of iShares Bitcoin Trust ETF $IBIT

Cutler Investment Counsel LLC boosted its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 12.5% during the second quarter, Holdings Channel.com reports. The fund owned 5,554 shares of the company’s stock after acquiring an additional 618 shares during the period. Cutler Investment Counsel LLC’s holdings in iShares Bitcoin Trust ETF were worth $340,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Osterweis Capital Management Inc. boosted its holdings in shares of iShares Bitcoin Trust ETF by 10.8% during the first quarter. Osterweis Capital Management Inc. now owns 1,817 shares of the company’s stock worth $85,000 after purchasing an additional 177 shares during the period. Philadelphia Trust Co. raised its position in iShares Bitcoin Trust ETF by 1.5% during the 1st quarter. Philadelphia Trust Co. now owns 11,891 shares of the company’s stock valued at $557,000 after purchasing an additional 180 shares during the last quarter. GSG Advisors LLC raised its position in iShares Bitcoin Trust ETF by 2.4% during the 2nd quarter. GSG Advisors LLC now owns 7,576 shares of the company’s stock valued at $464,000 after purchasing an additional 180 shares during the last quarter. Eagle Bay Advisors LLC raised its position in iShares Bitcoin Trust ETF by 3.9% during the 2nd quarter. Eagle Bay Advisors LLC now owns 4,979 shares of the company’s stock valued at $305,000 after purchasing an additional 187 shares during the last quarter. Finally, Truist Financial Corp raised its position in iShares Bitcoin Trust ETF by 0.4% during the 2nd quarter. Truist Financial Corp now owns 45,287 shares of the company’s stock valued at $2,772,000 after purchasing an additional 193 shares during the last quarter.

iShares Bitcoin Trust ETF Price Performance

IBIT opened at $65.81 on Tuesday. iShares Bitcoin Trust ETF has a 52-week low of $36.82 and a 52-week high of $71.82. The stock’s 50 day moving average price is $65.40 and its 200-day moving average price is $60.72.

About iShares Bitcoin Trust ETF

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.