AlphaStar Capital Management LLC Buys New Position in iShares Bitcoin Trust ETF (NASDAQ:IBIT)

AlphaStar Capital Management LLC bought a new stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 18,069 shares of the company’s stock, valued at approximately $846,000.

A number of other large investors have also recently made changes to their positions in the company. American Capital Advisory LLC lifted its position in iShares Bitcoin Trust ETF by 144.7% during the 1st quarter. American Capital Advisory LLC now owns 553 shares of the company’s stock worth $26,000 after acquiring an additional 327 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new stake in iShares Bitcoin Trust ETF during the 4th quarter worth approximately $28,000. Mather Group LLC. raised its stake in shares of iShares Bitcoin Trust ETF by 164.2% during the 1st quarter. Mather Group LLC. now owns 605 shares of the company’s stock worth $28,000 after buying an additional 376 shares in the last quarter. Smallwood Wealth Investment Management LLC purchased a new position in shares of iShares Bitcoin Trust ETF during the 1st quarter worth approximately $30,000. Finally, Graney & King LLC purchased a new position in iShares Bitcoin Trust ETF in the 4th quarter valued at approximately $31,000.

iShares Bitcoin Trust ETF Stock Up 0.8%

NASDAQ IBIT opened at $61.88 on Tuesday. iShares Bitcoin Trust ETF has a 1-year low of $28.23 and a 1-year high of $63.70. The business has a 50 day moving average price of $59.50 and a 200 day moving average price of $54.68.

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.