Grimes & Company Inc. Invests $265,000 in iShares Bitcoin Trust ETF $IBIT

Grimes & Company Inc. bought a new position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,334 shares of the company’s stock, valued at approximately $265,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. American Capital Advisory LLC boosted its position in shares of iShares Bitcoin Trust ETF by 144.7% in the first quarter. American Capital Advisory LLC now owns 553 shares of the company’s stock worth $26,000 after buying an additional 327 shares during the period. Signature Resources Capital Management LLC boosted its position in shares of iShares Bitcoin Trust ETF by 81.6% in the second quarter. Signature Resources Capital Management LLC now owns 445 shares of the company’s stock worth $27,000 after buying an additional 200 shares during the period. Mather Group LLC. boosted its position in shares of iShares Bitcoin Trust ETF by 164.2% in the first quarter. Mather Group LLC. now owns 605 shares of the company’s stock worth $28,000 after buying an additional 376 shares during the period. Berbice Capital Management LLC boosted its position in shares of iShares Bitcoin Trust ETF by 100.0% in the first quarter. Berbice Capital Management LLC now owns 600 shares of the company’s stock worth $28,000 after buying an additional 300 shares during the period. Finally, Smallwood Wealth Investment Management LLC acquired a new stake in shares of iShares Bitcoin Trust ETF in the first quarter worth $30,000.

iShares Bitcoin Trust ETF Stock Down 3.0%

Shares of iShares Bitcoin Trust ETF stock opened at $69.13 on Wednesday. The business has a fifty day simple moving average of $65.23 and a 200-day simple moving average of $60.13. iShares Bitcoin Trust ETF has a 12 month low of $33.47 and a 12 month 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.