Private Wealth Asset Management LLC Takes $70,000 Position in iShares Bitcoin Trust ETF $IBIT

Private Wealth Asset Management LLC bought a new stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,150 shares of the company’s stock, valued at approximately $70,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its holdings in shares of iShares Bitcoin Trust ETF by 80.3% during the first quarter. Goldman Sachs Group Inc. now owns 30,831,854 shares of the company’s stock valued at $1,443,239,000 after acquiring an additional 13,731,993 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in iShares Bitcoin Trust ETF in the 2nd quarter valued at $408,082,000. BSN CAPITAL PARTNERS Ltd acquired a new stake in iShares Bitcoin Trust ETF in the 1st quarter valued at $133,168,000. Senator Investment Group LP bought a new stake in iShares Bitcoin Trust ETF during the 1st quarter valued at $59,215,000. Finally, Mariner Investment Group LLC acquired a new position in iShares Bitcoin Trust ETF during the second quarter worth $50,907,000.

iShares Bitcoin Trust ETF Stock Down 1.2%

iShares Bitcoin Trust ETF stock opened at $63.17 on Thursday. The firm’s fifty day moving average price is $65.34 and its two-hundred day moving average price is $60.76. iShares Bitcoin Trust ETF has a 1-year low of $37.09 and a 1-year 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.