Prospect Financial Services LLC Grows Position in iShares Bitcoin Trust ETF $IBIT

Prospect Financial Services LLC lifted its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 14.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,953 shares of the company’s stock after purchasing an additional 1,008 shares during the quarter. Prospect Financial Services LLC’s holdings in iShares Bitcoin Trust ETF were worth $487,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Signature Resources Capital Management LLC raised its position in shares of iShares Bitcoin Trust ETF by 81.6% during the 2nd quarter. Signature Resources Capital Management LLC now owns 445 shares of the company’s stock valued at $27,000 after buying an additional 200 shares in the last quarter. TD Capital Management LLC increased its stake in iShares Bitcoin Trust ETF by 48.9% in the first quarter. TD Capital Management LLC now owns 636 shares of the company’s stock valued at $30,000 after acquiring an additional 209 shares during the last quarter. RMG Wealth Management LLC purchased a new stake in iShares Bitcoin Trust ETF during the second quarter valued at about $30,000. JFS Wealth Advisors LLC lifted its stake in iShares Bitcoin Trust ETF by 1,277.1% during the second quarter. JFS Wealth Advisors LLC now owns 482 shares of the company’s stock worth $30,000 after purchasing an additional 447 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in iShares Bitcoin Trust ETF by 261.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 730 shares of the company’s stock worth $34,000 after purchasing an additional 528 shares during the last quarter.

iShares Bitcoin Trust ETF Trading Down 3.5%

Shares of iShares Bitcoin Trust ETF stock opened at $55.59 on Friday. iShares Bitcoin Trust ETF has a 12 month low of $42.98 and a 12 month high of $71.82. The business’s 50-day moving average price is $63.59 and its 200-day moving average price is $62.68.

iShares Bitcoin Trust ETF Company 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.