Genesee Capital Advisors LLC Boosts Stake in iShares Bitcoin Trust ETF $IBIT

Genesee Capital Advisors LLC grew its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 1.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 56,555 shares of the company’s stock after acquiring an additional 927 shares during the period. iShares Bitcoin Trust ETF comprises 1.6% of Genesee Capital Advisors LLC’s investment portfolio, making the stock its 13th biggest position. Genesee Capital Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $3,462,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of IBIT. Brighton Jones LLC bought a new position in shares of iShares Bitcoin Trust ETF during the 4th quarter valued at approximately $711,000. Bison Wealth LLC bought a new position in shares of iShares Bitcoin Trust ETF during the 4th quarter valued at approximately $3,140,000. Fifth Third Bancorp grew its position in shares of iShares Bitcoin Trust ETF by 820.6% during the 1st quarter. Fifth Third Bancorp now owns 77,794 shares of the company’s stock valued at $3,642,000 after acquiring an additional 69,344 shares during the period. Salem Investment Counselors Inc. grew its position in shares of iShares Bitcoin Trust ETF by 69.9% during the 1st quarter. Salem Investment Counselors Inc. now owns 1,962 shares of the company’s stock valued at $92,000 after acquiring an additional 807 shares during the period. Finally, Elevation Point Wealth Partners LLC grew its position in shares of iShares Bitcoin Trust ETF by 332.7% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 29,529 shares of the company’s stock valued at $1,382,000 after acquiring an additional 22,704 shares during the period.

iShares Bitcoin Trust ETF Price Performance

iShares Bitcoin Trust ETF stock opened at $66.20 on Monday. iShares Bitcoin Trust ETF has a twelve month low of $34.94 and a twelve month high of $71.82. The firm has a 50 day moving average price of $65.39 and a 200-day moving average price of $60.60.

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.