Good Life Advisors LLC Raises Stock Position in iShares Bitcoin Trust ETF $IBIT

Good Life Advisors LLC boosted its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 20.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,092 shares of the company’s stock after purchasing an additional 2,723 shares during the quarter. Good Life Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $985,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC purchased a new position in shares of iShares Bitcoin Trust ETF during the fourth quarter worth about $711,000. Bison Wealth LLC purchased a new position in shares of iShares Bitcoin Trust ETF during the fourth quarter valued at about $3,140,000. Bank of New York Mellon Corp raised its stake in iShares Bitcoin Trust ETF by 89.9% in the first quarter. Bank of New York Mellon Corp now owns 48,073 shares of the company’s stock worth $2,250,000 after buying an additional 22,764 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in iShares Bitcoin Trust ETF by 57.4% in the first quarter. Envestnet Asset Management Inc. now owns 325,241 shares of the company’s stock worth $15,225,000 after buying an additional 118,605 shares during the period. Finally, Signaturefd LLC boosted its position in iShares Bitcoin Trust ETF by 6.9% during the 1st quarter. Signaturefd LLC now owns 12,581 shares of the company’s stock valued at $589,000 after acquiring an additional 816 shares in the last quarter.

iShares Bitcoin Trust ETF Price Performance

Shares of NASDAQ:IBIT opened at $55.59 on Friday. The stock has a 50 day moving average price of $63.59 and a 200-day moving average price of $62.68. iShares Bitcoin Trust ETF has a 52-week low of $42.98 and a 52-week 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.