Empirical Financial Services LLC d.b.a. Empirical Wealth Management Increases Stake in iShares Bitcoin Trust ETF $IBIT

Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 39.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,868 shares of the company’s stock after buying an additional 5,049 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in iShares Bitcoin Trust ETF were worth $1,094,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Goldman Sachs Group Inc. grew its stake in iShares Bitcoin Trust ETF by 80.3% during the 1st 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 in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in shares of iShares Bitcoin Trust ETF during the 2nd quarter worth approximately $408,082,000. BSN CAPITAL PARTNERS Ltd purchased a new stake in shares of iShares Bitcoin Trust ETF in the first quarter valued at approximately $133,168,000. Senator Investment Group LP acquired a new stake in shares of iShares Bitcoin Trust ETF in the first quarter valued at approximately $59,215,000. Finally, Mariner Investment Group LLC purchased a new position in iShares Bitcoin Trust ETF during the second quarter worth approximately $50,907,000.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ:IBIT opened at $69.81 on Friday. iShares Bitcoin Trust ETF has a 52-week low of $33.47 and a 52-week high of $70.53. The business has a fifty day moving average of $65.10 and a two-hundred day moving average of $59.82.

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.