Total Investment Management Inc. Increases Stock Position in iShares Bitcoin Trust ETF $IBIT

Total Investment Management Inc. raised its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 63.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 87,613 shares of the company’s stock after acquiring an additional 33,930 shares during the quarter. iShares Bitcoin Trust ETF accounts for approximately 0.8% of Total Investment Management Inc.’s investment portfolio, making the stock its 11th biggest position. Total Investment Management Inc.’s holdings in iShares Bitcoin Trust ETF were worth $5,363,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IBIT. Signature Resources Capital Management LLC increased its holdings 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 worth $27,000 after buying an additional 200 shares in the last quarter. TD Capital Management LLC grew its stake in shares of iShares Bitcoin Trust ETF by 48.9% in the first quarter. TD Capital Management LLC now owns 636 shares of the company’s stock worth $30,000 after acquiring an additional 209 shares during the period. RMG Wealth Management LLC purchased a new position in shares of iShares Bitcoin Trust ETF during the second quarter valued at approximately $30,000. JFS Wealth Advisors LLC lifted its position in iShares Bitcoin Trust ETF by 1,277.1% during the second quarter. JFS Wealth Advisors LLC now owns 482 shares of the company’s stock valued at $30,000 after purchasing an additional 447 shares during the period. Finally, Semmax Financial Advisors Inc. boosted its holdings 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 worth $33,000 after purchasing an additional 284 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Down 1.7%

NASDAQ:IBIT opened at $51.20 on Friday. The company has a 50 day simple moving average of $57.78 and a two-hundred day simple moving average of $61.71. iShares Bitcoin Trust ETF has a 12 month low of $42.98 and a 12 month high of $71.82.

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.