Gruss & Co. LLC Takes $722,000 Position in iShares Bitcoin Trust ETF $IBIT

Gruss & Co. LLC bought a new stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 21,700 shares of the company’s stock, valued at approximately $722,000. iShares Bitcoin Trust ETF makes up 1.8% of Gruss & Co. LLC’s portfolio, making the stock its 14th biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Semmax Financial Advisors Inc. raised its position in iShares Bitcoin Trust ETF by 135.9% in the second quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock valued at $33,000 after purchasing an additional 284 shares during the period. Marshall & Sterling Wealth Advisors Inc. boosted its position in shares of iShares Bitcoin Trust ETF by 12,500.0% in the fourth quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock worth $25,000 after buying an additional 500 shares during the period. Sfam LLC purchased a new stake in shares of iShares Bitcoin Trust ETF in the fourth quarter worth about $26,000. Key Capital Management INC acquired a new stake in shares of iShares Bitcoin Trust ETF in the fourth quarter valued at about $26,000. Finally, Vermillion & White Wealth Management Group LLC grew its stake in shares of iShares Bitcoin Trust ETF by 637.5% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 531 shares of the company’s stock valued at $26,000 after buying an additional 459 shares in the last quarter.

iShares Bitcoin Trust ETF Trading Down 0.7%

Shares of NASDAQ:IBIT opened at $35.63 on Friday. iShares Bitcoin Trust ETF has a one year low of $32.84 and a one year high of $71.82. The business’s 50-day simple moving average is $35.88 and its 200 day simple moving average is $39.45.

iShares Bitcoin Trust ETF 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.