Sageworth Trust Co Has $3.23 Million Position in iShares Bitcoin Trust ETF $IBIT

Sageworth Trust Co grew its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 4.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,836 shares of the company’s stock after purchasing an additional 2,488 shares during the period. Sageworth Trust Co’s holdings in iShares Bitcoin Trust ETF were worth $3,234,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in IBIT. Goldman Sachs Group Inc. boosted its stake in shares of 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 valued at $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 2nd quarter valued at approximately $408,082,000. BSN CAPITAL PARTNERS Ltd acquired a new stake in shares of iShares Bitcoin Trust ETF in the 1st quarter valued at approximately $133,168,000. Senator Investment Group LP acquired a new stake in shares of iShares Bitcoin Trust ETF in the 1st quarter valued at approximately $59,215,000. Finally, Mariner Investment Group LLC acquired a new stake in shares of iShares Bitcoin Trust ETF in the 2nd quarter valued at approximately $50,907,000.

iShares Bitcoin Trust ETF Trading Up 2.7%

NASDAQ:IBIT opened at $66.74 on Thursday. The firm’s 50 day simple moving average is $65.00 and its 200 day simple moving average is $59.44. iShares Bitcoin Trust ETF has a one year low of $33.47 and a one year high of $69.89.

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.