iShares Bitcoin Trust ETF (NASDAQ:IBIT) Shares Purchased by Kirtland Hills Capital Management LLC

Kirtland Hills Capital Management LLC lifted its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 306.0% in the first quarter, HoldingsChannel reports. The firm owned 18,800 shares of the company’s stock after buying an additional 14,170 shares during the quarter. Kirtland Hills Capital Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $907,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. American Capital Advisory LLC boosted its stake in shares of 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 buying an additional 327 shares during the period. Berbice Capital Management LLC boosted its stake in shares of 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 buying an additional 300 shares during the period. Mather Group LLC. raised its position in shares of iShares Bitcoin Trust ETF by 164.2% during the 1st quarter. Mather Group LLC. now owns 605 shares of the company’s stock worth $28,000 after acquiring an additional 376 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new stake in shares of iShares Bitcoin Trust ETF during the 1st quarter worth about $30,000. Finally, Reyes Financial Architecture Inc. acquired a new stake in shares of iShares Bitcoin Trust ETF during the 1st quarter worth about $33,000.

iShares Bitcoin Trust ETF Price Performance

Shares of NASDAQ IBIT opened at $67.10 on Tuesday. iShares Bitcoin Trust ETF has a fifty-two week low of $28.23 and a fifty-two week high of $69.46. The stock’s 50-day simple moving average is $62.41 and its 200-day simple moving average is $55.93.

iShares Bitcoin Trust ETF Company 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.