Modus Advisors LLC Acquires New Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

Modus Advisors LLC bought a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 11,000 shares of the company’s stock, valued at approximately $584,000.

A number of other large investors have also modified their holdings of the business. International Assets Investment Management LLC acquired a new position in shares of iShares Bitcoin Trust during the 2nd quarter valued at about $31,000. Commonwealth Equity Services LLC lifted its holdings in shares of iShares Bitcoin Trust by 18.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 303,505 shares of the company’s stock worth $10,362,000 after acquiring an additional 47,430 shares during the last quarter. Aveo Capital Partners LLC boosted its position in shares of iShares Bitcoin Trust by 16.3% during the 2nd quarter. Aveo Capital Partners LLC now owns 20,739 shares of the company’s stock worth $708,000 after purchasing an additional 2,900 shares during the period. Cozad Asset Management Inc. increased its holdings in iShares Bitcoin Trust by 37.3% in the 2nd quarter. Cozad Asset Management Inc. now owns 11,470 shares of the company’s stock valued at $392,000 after purchasing an additional 3,115 shares during the last quarter. Finally, Foundations Investment Advisors LLC raised its position in iShares Bitcoin Trust by 16.5% in the second quarter. Foundations Investment Advisors LLC now owns 140,722 shares of the company’s stock valued at $4,804,000 after purchasing an additional 19,961 shares during the period.

iShares Bitcoin Trust Price Performance

Shares of IBIT remained flat at $55.37 during midday trading on Friday. The stock had a trading volume of 8,304,880 shares, compared to its average volume of 23,878,865. iShares Bitcoin Trust has a 1-year low of $22.02 and a 1-year high of $61.75. The stock’s 50-day moving average is $51.61 and its two-hundred day moving average is $40.90.

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.