Rye Brook Capital LLC Takes $1.34 Million Position in iShares Bitcoin Trust ETF $IBIT

Rye Brook Capital LLC acquired a new position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 21,900 shares of the company’s stock, valued at approximately $1,340,000. iShares Bitcoin Trust ETF comprises 1.4% of Rye Brook Capital LLC’s holdings, making the stock its 16th biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Osterweis Capital Management Inc. grew its stake in 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 during the last quarter. Philadelphia Trust Co. grew its stake in iShares Bitcoin Trust ETF by 1.5% during the 1st quarter. Philadelphia Trust Co. now owns 11,891 shares of the company’s stock worth $557,000 after buying an additional 180 shares during the last quarter. GSG Advisors LLC grew its stake in iShares Bitcoin Trust ETF by 2.4% during the 2nd quarter. GSG Advisors LLC now owns 7,576 shares of the company’s stock worth $464,000 after buying an additional 180 shares during the last quarter. Eagle Bay Advisors LLC grew its stake in iShares Bitcoin Trust ETF by 3.9% during the 2nd quarter. Eagle Bay Advisors LLC now owns 4,979 shares of the company’s stock worth $305,000 after buying an additional 187 shares during the last quarter. Finally, Truist Financial Corp grew its stake in iShares Bitcoin Trust ETF by 0.4% during the 2nd quarter. Truist Financial Corp now owns 45,287 shares of the company’s stock worth $2,772,000 after buying an additional 193 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Performance

Shares of IBIT opened at $70.06 on Thursday. The stock has a fifty day moving average price of $65.30 and a 200 day moving average price of $60.20. iShares Bitcoin Trust ETF has a 12 month low of $33.47 and a 12 month high of $71.82.

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.