Black Swift Group LLC Acquires 700 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Black Swift Group LLC lifted its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 7.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 10,700 shares of the company’s stock after acquiring an additional 700 shares during the period. Black Swift Group LLC’s holdings in iShares Bitcoin Trust were worth $387,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in IBIT. Glass Jacobson Investment Advisors llc acquired a new position in shares of iShares Bitcoin Trust during the second quarter worth $26,000. Asset Dedication LLC raised its position in iShares Bitcoin Trust by 52.4% in the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after purchasing an additional 279 shares during the last quarter. Creekmur Asset Management LLC acquired a new stake in shares of iShares Bitcoin Trust during the first quarter valued at about $30,000. International Assets Investment Management LLC bought a new stake in shares of iShares Bitcoin Trust during the second quarter worth about $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of iShares Bitcoin Trust in the second quarter valued at approximately $36,000.

iShares Bitcoin Trust Stock Up 0.1 %

NASDAQ:IBIT traded up $0.07 during mid-day trading on Thursday, hitting $51.11. 7,828,748 shares of the company’s stock were exchanged, compared to its average volume of 32,142,807. The company has a 50 day simple moving average of $37.24 and a 200-day simple moving average of $36.42. iShares Bitcoin Trust has a fifty-two week low of $22.02 and a fifty-two week high of $53.26.

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.