Independent Family Office LLC Makes New Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Independent Family Office LLC purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,900 shares of the company’s stock, valued at approximately $430,000.

A number of other institutional investors also recently bought and sold shares of the business. Asset Dedication LLC lifted its holdings in iShares Bitcoin Trust by 52.4% during the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after buying an additional 279 shares during the last quarter. Bfsg LLC boosted its holdings in iShares Bitcoin Trust by 34.7% in the 2nd quarter. Bfsg LLC now owns 1,360 shares of the company’s stock valued at $46,000 after purchasing an additional 350 shares in the last quarter. Doliver Advisors LP boosted its holdings in iShares Bitcoin Trust by 4.9% in the 3rd quarter. Doliver Advisors LP now owns 7,558 shares of the company’s stock valued at $273,000 after purchasing an additional 350 shares in the last quarter. Summit Global Investments boosted its holdings in iShares Bitcoin Trust by 3.3% in the 3rd quarter. Summit Global Investments now owns 11,214 shares of the company’s stock valued at $405,000 after purchasing an additional 355 shares in the last quarter. Finally, Cedar Mountain Advisors LLC boosted its holdings in iShares Bitcoin Trust by 39.1% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 1,362 shares of the company’s stock valued at $46,000 after purchasing an additional 383 shares in the last quarter.

iShares Bitcoin Trust Price Performance

IBIT traded down $0.73 during trading on Tuesday, reaching $54.48. The company’s stock had a trading volume of 52,619,439 shares, compared to its average volume of 33,928,965. iShares Bitcoin Trust has a 52-week low of $22.02 and a 52-week high of $56.86. The company’s fifty day moving average price is $42.82 and its 200-day moving average price is $38.22.

About iShares Bitcoin Trust

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.