True North Advisors LLC Invests $2.76 Million in iShares Bitcoin Trust ETF $IBIT

True North Advisors LLC acquired a new stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 42,489 shares of the company’s stock, valued at approximately $2,762,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Evermay Wealth Management LLC raised its holdings in iShares Bitcoin Trust ETF by 15.8% in the 2nd quarter. Evermay Wealth Management LLC now owns 1,100 shares of the company’s stock worth $67,000 after acquiring an additional 150 shares during the last quarter. McIlrath & Eck LLC raised its stake in shares of iShares Bitcoin Trust ETF by 30.3% in the second quarter. McIlrath & Eck LLC now owns 701 shares of the company’s stock worth $43,000 after purchasing an additional 163 shares during the last quarter. Vivaldi Capital Management LP lifted its holdings in shares of iShares Bitcoin Trust ETF by 3.3% during the second quarter. Vivaldi Capital Management LP now owns 5,138 shares of the company’s stock valued at $314,000 after purchasing an additional 163 shares in the last quarter. Global Wealth Strategies & Associates lifted its stake in iShares Bitcoin Trust ETF by 8.3% during the 3rd quarter. Global Wealth Strategies & Associates now owns 2,266 shares of the company’s stock valued at $147,000 after acquiring an additional 173 shares during the period. Finally, Silverlake Wealth Management LLC grew its stake in shares of iShares Bitcoin Trust ETF by 3.8% in the second quarter. Silverlake Wealth Management LLC now owns 4,791 shares of the company’s stock worth $293,000 after acquiring an additional 174 shares during the period.

iShares Bitcoin Trust ETF Trading Up 0.4%

Shares of IBIT opened at $50.09 on Tuesday. The firm has a fifty day simple moving average of $55.45 and a two-hundred day simple moving average of $61.28. iShares Bitcoin Trust ETF has a 1-year low of $42.98 and a 1-year 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.