Grimes & Company Inc. Buys New Stake in iShares Bitcoin Trust ETF $IBIT

Grimes & Company Inc. bought a new stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,334 shares of the company’s stock, valued at approximately $265,000.

Several other large investors have also recently added to or reduced their stakes in IBIT. American Capital Advisory LLC increased its position in iShares Bitcoin Trust ETF by 144.7% in the 1st quarter. American Capital Advisory LLC now owns 553 shares of the company’s stock valued at $26,000 after acquiring an additional 327 shares during the period. Signature Resources Capital Management LLC increased its position in iShares Bitcoin Trust ETF by 81.6% in the 2nd quarter. Signature Resources Capital Management LLC now owns 445 shares of the company’s stock valued at $27,000 after acquiring an additional 200 shares during the period. Mather Group LLC. increased its position in iShares Bitcoin Trust ETF by 164.2% in the 1st quarter. Mather Group LLC. now owns 605 shares of the company’s stock valued at $28,000 after acquiring an additional 376 shares during the period. Berbice Capital Management LLC increased its position in iShares Bitcoin Trust ETF by 100.0% in the 1st quarter. Berbice Capital Management LLC now owns 600 shares of the company’s stock valued at $28,000 after acquiring an additional 300 shares during the period. Finally, Smallwood Wealth Investment Management LLC acquired a new stake in iShares Bitcoin Trust ETF in the 1st quarter valued at approximately $30,000.

iShares Bitcoin Trust ETF Trading Down 3.0%

Shares of IBIT stock opened at $69.13 on Wednesday. iShares Bitcoin Trust ETF has a 1 year low of $33.47 and a 1 year high of $71.82. The business’s fifty day moving average is $65.23 and its 200-day moving average is $60.13.

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.