Lyell Wealth Management LP Invests $495,000 in iShares Bitcoin Trust ETF $IBIT

Lyell Wealth Management LP acquired a new position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,081 shares of the company’s stock, valued at approximately $495,000.

Other large investors have also added to or reduced their stakes in the company. American Capital Advisory LLC lifted its position in iShares Bitcoin Trust ETF by 144.7% in the 1st quarter. American Capital Advisory LLC now owns 553 shares of the company’s stock valued at $26,000 after acquiring an additional 327 shares in the last quarter. Signature Resources Capital Management LLC lifted its position in iShares Bitcoin Trust ETF by 81.6% in the 2nd quarter. Signature Resources Capital Management LLC now owns 445 shares of the company’s stock valued at $27,000 after acquiring an additional 200 shares in the last quarter. Mather Group LLC. lifted its position in iShares Bitcoin Trust ETF by 164.2% in the 1st quarter. Mather Group LLC. now owns 605 shares of the company’s stock valued at $28,000 after acquiring an additional 376 shares in the last quarter. Berbice Capital Management LLC lifted its position in iShares Bitcoin Trust ETF by 100.0% in the 1st quarter. Berbice Capital Management LLC now owns 600 shares of the company’s stock valued at $28,000 after acquiring an additional 300 shares in the last quarter. Finally, Smallwood Wealth Investment Management LLC bought a new position in iShares Bitcoin Trust ETF in the 1st quarter valued at about $30,000.

iShares Bitcoin Trust ETF Stock Up 4.1%

Shares of NASDAQ IBIT opened at $62.93 on Tuesday. iShares Bitcoin Trust ETF has a fifty-two week low of $37.09 and a fifty-two week high of $71.82. The firm’s 50-day simple moving average is $65.03 and its 200 day simple moving average is $61.24.

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.