Boussard & Gavaudan Gestion Sas Makes New $583,000 Investment in iShares Bitcoin Trust ETF $IBIT

Boussard & Gavaudan Gestion Sas bought a new stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 17,585 shares of the company’s stock, valued at approximately $583,000.

Other hedge funds have also made changes to their positions in the company. Semmax Financial Advisors Inc. increased its stake in shares of iShares Bitcoin Trust ETF by 135.9% in the second quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock worth $33,000 after buying an additional 284 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. boosted its stake in iShares Bitcoin Trust ETF by 12,500.0% during the 4th quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock valued at $25,000 after acquiring an additional 500 shares during the last quarter. Sfam LLC acquired a new position in iShares Bitcoin Trust ETF during the 4th quarter worth $26,000. Vermillion & White Wealth Management Group LLC grew its holdings in iShares Bitcoin Trust ETF by 637.5% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 531 shares of the company’s stock worth $26,000 after acquiring an additional 459 shares in the last quarter. Finally, WFA of San Diego LLC bought a new stake in shares of iShares Bitcoin Trust ETF in the 2nd quarter worth about $34,000.

iShares Bitcoin Trust ETF Price Performance

IBIT opened at $43.90 on Friday. The company has a 50-day moving average of $37.06 and a 200-day moving average of $39.23. iShares Bitcoin Trust ETF has a 1-year low of $32.84 and a 1-year high of $71.82.

iShares Bitcoin Trust ETF 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.