Phraction Management LLC Buys 7,598 Shares of iShares Bitcoin Trust ETF $IBIT

Phraction Management LLC grew its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 27.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,600 shares of the company’s stock after acquiring an additional 7,598 shares during the quarter. Phraction Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $2,179,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in iShares Bitcoin Trust ETF during the 4th quarter valued at $711,000. Bison Wealth LLC bought a new position in iShares Bitcoin Trust ETF in the fourth quarter valued at about $3,140,000. Fifth Third Wealth Advisors LLC purchased a new position in iShares Bitcoin Trust ETF in the first quarter worth about $241,000. NBC Securities Inc. grew its stake in shares of iShares Bitcoin Trust ETF by 92,450.0% during the 1st quarter. NBC Securities Inc. now owns 1,851 shares of the company’s stock valued at $86,000 after purchasing an additional 1,849 shares during the period. Finally, Merit Financial Group LLC increased its position in shares of iShares Bitcoin Trust ETF by 51.8% during the 1st quarter. Merit Financial Group LLC now owns 26,566 shares of the company’s stock valued at $1,244,000 after purchasing an additional 9,066 shares during the last quarter.

iShares Bitcoin Trust ETF Price Performance

IBIT opened at $68.77 on Friday. The company’s 50 day moving average is $65.03 and its 200 day moving average is $59.59. iShares Bitcoin Trust ETF has a 12-month low of $33.47 and a 12-month high of $69.89.

About iShares Bitcoin Trust ETF

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.