Duncan Williams Asset Management LLC Takes $230,000 Position in iShares Bitcoin Trust ETF $IBIT

Duncan Williams Asset Management LLC bought a new stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 3,760 shares of the company’s stock, valued at approximately $230,000.

Several other large investors have also added to or reduced their stakes in the business. Osterweis Capital Management Inc. boosted its holdings in shares of iShares Bitcoin Trust ETF by 10.8% during the 1st quarter. Osterweis Capital Management Inc. now owns 1,817 shares of the company’s stock worth $85,000 after buying an additional 177 shares in the last quarter. Philadelphia Trust Co. lifted its position in shares of iShares Bitcoin Trust ETF by 1.5% during the 1st quarter. Philadelphia Trust Co. now owns 11,891 shares of the company’s stock valued at $557,000 after acquiring an additional 180 shares during the period. GSG Advisors LLC boosted its stake in iShares Bitcoin Trust ETF by 2.4% during the second quarter. GSG Advisors LLC now owns 7,576 shares of the company’s stock worth $464,000 after acquiring an additional 180 shares in the last quarter. Eagle Bay Advisors LLC grew its holdings in iShares Bitcoin Trust ETF by 3.9% in the second quarter. Eagle Bay Advisors LLC now owns 4,979 shares of the company’s stock worth $305,000 after purchasing an additional 187 shares during the period. Finally, Truist Financial Corp increased its stake in iShares Bitcoin Trust ETF by 0.4% in the second quarter. Truist Financial Corp now owns 45,287 shares of the company’s stock valued at $2,772,000 after purchasing an additional 193 shares in the last quarter.

iShares Bitcoin Trust ETF Trading Up 2.1%

Shares of NASDAQ IBIT opened at $71.29 on Tuesday. The firm’s 50-day moving average price is $65.18 and its 200-day moving average price is $60.07. iShares Bitcoin Trust ETF has a 1-year low of $33.47 and a 1-year high of $71.82.

iShares Bitcoin Trust ETF 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.