Brookwood Investment Group LLC Decreases Stock Holdings in iShares Bitcoin Trust ETF $IBIT

Brookwood Investment Group LLC trimmed its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 13.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,368 shares of the company’s stock after selling 3,213 shares during the quarter. Brookwood Investment Group LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,308,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Evermay Wealth Management LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 15.8% during the second quarter. Evermay Wealth Management LLC now owns 1,100 shares of the company’s stock valued at $67,000 after acquiring an additional 150 shares in the last quarter. Osterweis Capital Management Inc. increased its holdings in shares of iShares Bitcoin Trust ETF by 10.8% during the first quarter. Osterweis Capital Management Inc. now owns 1,817 shares of the company’s stock valued at $85,000 after acquiring an additional 177 shares in the last quarter. Philadelphia Trust Co. increased its holdings in shares of iShares Bitcoin Trust ETF by 1.5% during the first quarter. Philadelphia Trust Co. now owns 11,891 shares of the company’s stock valued at $557,000 after acquiring an additional 180 shares in the last quarter. GSG Advisors LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 2.4% during the second quarter. GSG Advisors LLC now owns 7,576 shares of the company’s stock valued at $464,000 after acquiring an additional 180 shares in the last quarter. Finally, Eagle Bay Advisors LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 3.9% during the second quarter. Eagle Bay Advisors LLC now owns 4,979 shares of the company’s stock valued at $305,000 after acquiring an additional 187 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Performance

IBIT opened at $62.83 on Monday. iShares Bitcoin Trust ETF has a 52-week low of $37.47 and a 52-week high of $71.82. The firm’s 50-day moving average price is $64.60 and its 200-day moving average price is $61.74.

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.