Simon Quick Advisors LLC Has $480,000 Stock Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Simon Quick Advisors LLC boosted its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 149.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,072 shares of the company’s stock after buying an additional 8,429 shares during the period. Simon Quick Advisors LLC’s holdings in iShares Bitcoin Trust were worth $480,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. FinTrust Capital Advisors LLC acquired a new stake in shares of iShares Bitcoin Trust during the 1st quarter valued at $26,000. Sound Income Strategies LLC bought a new stake in iShares Bitcoin Trust in the first quarter worth $30,000. Creekmur Asset Management LLC bought a new position in iShares Bitcoin Trust during the first quarter valued at about $30,000. International Assets Investment Management LLC acquired a new stake in shares of iShares Bitcoin Trust in the second quarter worth about $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of iShares Bitcoin Trust during the 2nd quarter worth about $36,000.

iShares Bitcoin Trust Stock Performance

IBIT opened at $33.04 on Thursday. The business has a 50 day moving average price of $34.82 and a 200 day moving average price of $36.35. iShares Bitcoin Trust has a twelve month low of $22.02 and a twelve month 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.