Cobblestone Asset Management LLC boosted its stake in iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) by 10.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,227 shares of the company’s stock after buying an additional 8,291 shares during the quarter. iShares Bitcoin Trust makes up approximately 1.9% of Cobblestone Asset Management LLC’s portfolio, making the stock its 16th largest holding. Cobblestone Asset Management LLC’s holdings in iShares Bitcoin Trust were worth $3,079,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of IBIT. Salem Investment Counselors Inc. purchased a new position in iShares Bitcoin Trust in the 1st quarter valued at about $41,000. Catalyst Private Wealth LLC purchased a new position in iShares Bitcoin Trust in the 1st quarter valued at about $212,000. Traynor Capital Management Inc. purchased a new position in iShares Bitcoin Trust in the 1st quarter valued at about $3,666,000. Sound Income Strategies LLC purchased a new position in iShares Bitcoin Trust in the 1st quarter valued at about $30,000. Finally, Kingswood Wealth Advisors LLC purchased a new position in iShares Bitcoin Trust in the 1st quarter worth approximately $3,983,000.
iShares Bitcoin Trust Stock Performance
Shares of iShares Bitcoin Trust stock opened at $39.07 on Friday. The stock’s 50 day simple moving average is $34.80 and its 200-day simple moving average is $36.02. iShares Bitcoin Trust has a 1-year low of $22.02 and a 1-year high of $41.99.
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.
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