RMG Wealth Management LLC Makes New Investment in iShares Bitcoin Trust ETF $IBIT

RMG Wealth Management LLC bought a new position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 445 shares of the company’s stock, valued at approximately $30,000.

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

iShares Bitcoin Trust ETF Price Performance

Shares of IBIT stock opened at $69.13 on Wednesday. The stock has a 50-day moving average of $65.23 and a 200-day moving average of $60.13. iShares Bitcoin Trust ETF has a 1-year low of $33.47 and a 1-year 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.