VCI Wealth Management LLC Boosts Holdings in iShares Bitcoin Trust ETF $IBIT

VCI Wealth Management LLC increased its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 6.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,714 shares of the company’s stock after purchasing an additional 7,443 shares during the quarter. iShares Bitcoin Trust ETF makes up approximately 2.7% of VCI Wealth Management LLC’s holdings, making the stock its 10th biggest holding. VCI Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $7,573,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its stake in shares of iShares Bitcoin Trust ETF by 80.3% in the first quarter. Goldman Sachs Group Inc. now owns 30,831,854 shares of the company’s stock valued at $1,443,239,000 after acquiring an additional 13,731,993 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in iShares Bitcoin Trust ETF during the 2nd quarter valued at $408,082,000. BSN CAPITAL PARTNERS Ltd bought a new position in iShares Bitcoin Trust ETF in the 1st quarter valued at $133,168,000. Senator Investment Group LP bought a new position in iShares Bitcoin Trust ETF in the 1st quarter valued at $59,215,000. Finally, Mariner Investment Group LLC acquired a new position in iShares Bitcoin Trust ETF in the second quarter worth $50,907,000.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ:IBIT opened at $62.93 on Tuesday. The business has a fifty day moving average of $65.03 and a 200-day moving average of $61.24. iShares Bitcoin Trust ETF has a twelve month low of $37.09 and a twelve 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.