Brown Wealth Management LLC Boosts Stake in iShares Bitcoin Trust ETF $IBIT

Brown Wealth Management LLC raised its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 63.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,662 shares of the company’s stock after acquiring an additional 24,649 shares during the quarter. iShares Bitcoin Trust ETF makes up about 1.2% of Brown Wealth Management LLC’s portfolio, making the stock its 22nd biggest position. Brown Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $3,897,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Evermay Wealth Management LLC lifted its stake in shares of iShares Bitcoin Trust ETF by 15.8% during the 2nd quarter. Evermay Wealth Management LLC now owns 1,100 shares of the company’s stock worth $67,000 after purchasing an additional 150 shares during the last quarter. Osterweis Capital Management Inc. grew its stake in iShares Bitcoin Trust ETF by 10.8% in the first quarter. Osterweis Capital Management Inc. now owns 1,817 shares of the company’s stock valued at $85,000 after purchasing an additional 177 shares during the last quarter. Philadelphia Trust Co. raised its holdings in iShares Bitcoin Trust ETF by 1.5% in the first quarter. Philadelphia Trust Co. now owns 11,891 shares of the company’s stock worth $557,000 after purchasing an additional 180 shares in the last quarter. GSG Advisors LLC lifted its position in shares of iShares Bitcoin Trust ETF by 2.4% during the second quarter. GSG Advisors LLC now owns 7,576 shares of the company’s stock valued at $464,000 after buying an additional 180 shares during the last quarter. Finally, WealthTrust Asset Management LLC boosted its holdings in shares of iShares Bitcoin Trust ETF by 1.2% in the 2nd quarter. WealthTrust Asset Management LLC now owns 15,013 shares of the company’s stock valued at $919,000 after buying an additional 183 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Up 1.1%

Shares of iShares Bitcoin Trust ETF stock opened at $52.66 on Wednesday. The firm’s 50 day moving average price is $62.95 and its 200-day moving average price is $62.76. 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.