Coppell Advisory Solutions LLC Takes $666,000 Position in iShares Bitcoin Trust ETF $IBIT

Coppell Advisory Solutions LLC acquired a new stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,998 shares of the company’s stock, valued at approximately $666,000.

Other hedge funds also recently added to or reduced their stakes in the company. MBA Advisors LLC increased its position in iShares Bitcoin Trust ETF by 11.7% during the 2nd quarter. MBA Advisors LLC now owns 7,260 shares of the company’s stock valued at $242,000 after purchasing an additional 762 shares during the period. Sunburst Financial Group LLC lifted its position in shares of iShares Bitcoin Trust ETF by 28.2% in the 2nd quarter. Sunburst Financial Group LLC now owns 10,089 shares of the company’s stock worth $336,000 after purchasing an additional 2,222 shares during the period. Symphony Financial Ltd. Co. lifted its position in shares of iShares Bitcoin Trust ETF by 16.2% in the 2nd quarter. Symphony Financial Ltd. Co. now owns 7,637 shares of the company’s stock worth $255,000 after purchasing an additional 1,064 shares during the period. Secure Asset Management LLC boosted its stake in shares of iShares Bitcoin Trust ETF by 7.5% during the second quarter. Secure Asset Management LLC now owns 122,957 shares of the company’s stock valued at $4,093,000 after purchasing an additional 8,619 shares in the last quarter. Finally, Acorn Wealth Advisors LLC boosted its stake in shares of iShares Bitcoin Trust ETF by 17.6% during the second quarter. Acorn Wealth Advisors LLC now owns 16,506 shares of the company’s stock valued at $549,000 after purchasing an additional 2,470 shares in the last quarter.

iShares Bitcoin Trust ETF Price Performance

Shares of IBIT stock opened at $43.79 on Thursday. iShares Bitcoin Trust ETF has a 52-week low of $32.84 and a 52-week high of $71.82. The company’s 50 day moving average is $37.59 and its 200 day moving average is $39.35.

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.