Secure Asset Management LLC Raises Stock Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Secure Asset Management LLC raised its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 17.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,530 shares of the company’s stock after purchasing an additional 7,341 shares during the period. Secure Asset Management LLC’s holdings in iShares Bitcoin Trust were worth $2,628,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IBIT. Envestnet Asset Management Inc. boosted its holdings in shares of iShares Bitcoin Trust by 42.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 108,497 shares of the company’s stock valued at $3,704,000 after acquiring an additional 32,416 shares during the last quarter. Renaissance Technologies LLC purchased a new position in iShares Bitcoin Trust in the 2nd quarter valued at about $505,000. Thrivent Financial for Lutherans increased its position in shares of iShares Bitcoin Trust by 12.7% during the second quarter. Thrivent Financial for Lutherans now owns 15,505 shares of the company’s stock worth $529,000 after purchasing an additional 1,748 shares in the last quarter. 1832 Asset Management L.P. purchased a new position in shares of iShares Bitcoin Trust in the second quarter worth about $216,000. Finally, Bank of Montreal Can grew its position in shares of iShares Bitcoin Trust by 0.5% in the second quarter. Bank of Montreal Can now owns 134,332 shares of the company’s stock valued at $4,586,000 after purchasing an additional 723 shares in the last quarter.

iShares Bitcoin Trust Trading Down 1.0 %

NASDAQ:IBIT opened at $58.79 on Friday. The company’s 50-day moving average is $55.44 and its two-hundred day moving average is $43.00. iShares Bitcoin Trust has a 1-year low of $22.57 and a 1-year high of $61.75.

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.