Cambridge Investment Research Advisors Inc. Buys 250,783 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Cambridge Investment Research Advisors Inc. raised its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 90.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 526,997 shares of the company’s stock after acquiring an additional 250,783 shares during the period. Cambridge Investment Research Advisors Inc. owned about 0.15% of iShares Bitcoin Trust worth $17,992,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. FinTrust Capital Advisors LLC acquired a new position in iShares Bitcoin Trust during the 1st quarter worth approximately $26,000. Sound Income Strategies LLC bought a new position in shares of iShares Bitcoin Trust in the 1st quarter valued at about $30,000. Creekmur Asset Management LLC acquired a new position in shares of iShares Bitcoin Trust during the 1st quarter worth about $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of iShares Bitcoin Trust in the 2nd quarter valued at about $36,000. Finally, Hazlett Burt & Watson Inc. acquired a new stake in iShares Bitcoin Trust in the 1st quarter valued at about $40,000.

iShares Bitcoin Trust Trading Down 2.0 %

iShares Bitcoin Trust stock opened at $35.38 on Wednesday. The stock has a 50-day simple moving average of $35.07 and a 200 day simple moving average of $36.20. iShares Bitcoin Trust has a 52 week low of $22.02 and a 52 week high of $41.99.

iShares Bitcoin Trust 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.