Lauer Wealth LLC Has $1.25 Million Position in iShares Bitcoin Trust ETF $IBIT

Lauer Wealth LLC raised its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 38.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 18,480 shares of the company’s stock after purchasing an additional 5,180 shares during the period. iShares Bitcoin Trust ETF makes up 1.0% of Lauer Wealth LLC’s portfolio, making the stock its 15th biggest position. Lauer Wealth LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,250,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Choreo LLC increased its stake in iShares Bitcoin Trust ETF by 2.4% in the second quarter. Choreo LLC now owns 51,679 shares of the company’s stock valued at $3,163,000 after acquiring an additional 1,220 shares during the period. Himension Capital Singapore PTE. LTD. grew its stake in shares of iShares Bitcoin Trust ETF by 6.1% in the 2nd quarter. Himension Capital Singapore PTE. LTD. now owns 515,058 shares of the company’s stock valued at $31,527,000 after purchasing an additional 29,759 shares during the period. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in shares of iShares Bitcoin Trust ETF in the 2nd quarter worth approximately $113,404,000. BRIGHT VALLEY CAPITAL Ltd lifted its position in shares of iShares Bitcoin Trust ETF by 3.8% during the 2nd quarter. BRIGHT VALLEY CAPITAL Ltd now owns 135,000 shares of the company’s stock worth $8,263,000 after buying an additional 5,000 shares during the period. Finally, Maia Wealth LLC boosted its stake in iShares Bitcoin Trust ETF by 3.7% in the 2nd quarter. Maia Wealth LLC now owns 19,419 shares of the company’s stock valued at $1,189,000 after buying an additional 691 shares in the last quarter.

iShares Bitcoin Trust ETF Trading Down 2.0%

iShares Bitcoin Trust ETF stock opened at $49.56 on Wednesday. The stock has a fifty day moving average price of $61.35 and a two-hundred day moving average price of $62.54. iShares Bitcoin Trust ETF has a 52-week low of $42.98 and a 52-week high of $71.82.

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.