HighTower Advisors LLC Acquires 24,674 Shares of iShares Bitcoin Trust ETF $IBIT

HighTower Advisors LLC increased its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 1.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 1,349,658 shares of the company’s stock after buying an additional 24,674 shares during the quarter. HighTower Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $44,930,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IBIT. Vivaldi Capital Management LP increased its position in iShares Bitcoin Trust ETF by 3.3% during the 2nd 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 during the period. McIlrath & Eck LLC lifted its position in shares of iShares Bitcoin Trust ETF by 30.3% in the 2nd quarter. McIlrath & Eck LLC now owns 701 shares of the company’s stock worth $43,000 after purchasing an additional 163 shares during the period. TD Waterhouse Canada Inc. lifted its position in shares of iShares Bitcoin Trust ETF by 3.6% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 7,015 shares of the company’s stock worth $238,000 after purchasing an additional 243 shares during the period. Retirement Planning Group LLC boosted its stake in shares of iShares Bitcoin Trust ETF by 2.0% in the 1st quarter. Retirement Planning Group LLC now owns 12,783 shares of the company’s stock valued at $491,000 after purchasing an additional 245 shares during the last quarter. Finally, Front Row Advisors LLC boosted its stake in shares of iShares Bitcoin Trust ETF by 27.8% in the 3rd quarter. Front Row Advisors LLC now owns 1,150 shares of the company’s stock valued at $75,000 after purchasing an additional 250 shares during the last quarter.

iShares Bitcoin Trust ETF Price Performance

Shares of NASDAQ IBIT opened at $45.23 on Tuesday. iShares Bitcoin Trust ETF has a twelve month low of $32.84 and a twelve month high of $71.82. The firm has a fifty day simple moving average of $38.30 and a 200 day simple moving average of $39.49.

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.