201,000 Shares in iShares Bitcoin Trust (NASDAQ:IBIT) Acquired by JBF Capital Inc.

JBF Capital Inc. purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the 2nd quarter, Holdings Channel reports. The firm purchased 201,000 shares of the company’s stock, valued at approximately $6,862,000. iShares Bitcoin Trust accounts for about 1.1% of JBF Capital Inc.’s investment portfolio, making the stock its 13th biggest holding.

A number of other large investors also recently bought and sold shares of IBIT. FinTrust Capital Advisors LLC acquired a new position in shares of iShares Bitcoin Trust in the 1st quarter valued at about $26,000. Creekmur Asset Management LLC acquired a new position in iShares Bitcoin Trust during the first quarter valued at approximately $30,000. Sound Income Strategies LLC acquired a new position in iShares Bitcoin Trust during the first quarter valued at approximately $30,000. International Assets Investment Management LLC acquired a new stake in shares of iShares Bitcoin Trust in the second quarter worth $31,000. Finally, Hazlett Burt & Watson Inc. purchased a new position in shares of iShares Bitcoin Trust in the 1st quarter valued at $40,000.

iShares Bitcoin Trust Stock Performance

NASDAQ:IBIT opened at $34.04 on Friday. The firm’s fifty day simple moving average is $34.51 and its 200 day simple moving average is $36.42. iShares Bitcoin Trust has a twelve month low of $22.02 and a twelve month high of $41.99.

iShares Bitcoin Trust 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.