Copia Wealth Management Purchases 2,749 Shares of iShares Bitcoin Trust ETF $IBIT

Copia Wealth Management lifted its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 10.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 28,213 shares of the company’s stock after buying an additional 2,749 shares during the period. iShares Bitcoin Trust ETF comprises about 1.5% of Copia Wealth Management’s investment portfolio, making the stock its 18th biggest position. Copia Wealth Management’s holdings in iShares Bitcoin Trust ETF were worth $1,727,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its holdings in shares of iShares Bitcoin Trust ETF by 80.3% in the first quarter. Goldman Sachs Group Inc. now owns 30,831,854 shares of the company’s stock worth $1,443,239,000 after purchasing an additional 13,731,993 shares during the period. Mubadala Investment Co PJSC increased its holdings in shares of iShares Bitcoin Trust ETF by 6.0% in the first quarter. Mubadala Investment Co PJSC now owns 8,726,972 shares of the company’s stock worth $408,510,000 after purchasing an additional 491,439 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in shares of iShares Bitcoin Trust ETF in the second quarter worth $408,082,000. Crcm LP increased its holdings in shares of iShares Bitcoin Trust ETF by 4.7% in the first quarter. Crcm LP now owns 3,154,810 shares of the company’s stock worth $147,677,000 after purchasing an additional 142,685 shares during the period. Finally, BSN CAPITAL PARTNERS Ltd bought a new position in shares of iShares Bitcoin Trust ETF in the first quarter worth $133,168,000.

iShares Bitcoin Trust ETF Price Performance

IBIT opened at $63.91 on Wednesday. iShares Bitcoin Trust ETF has a 52 week low of $36.88 and a 52 week high of $71.82. The business’s fifty day simple moving average is $65.39 and its 200 day simple moving average is $60.75.

iShares Bitcoin Trust ETF 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.