InterOcean Capital Group LLC Purchases New Shares in iShares Bitcoin Trust (NASDAQ:IBIT)

InterOcean Capital Group LLC acquired a new position in iShares Bitcoin Trust (NASDAQ:IBIT) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,071 shares of the company’s stock, valued at approximately $205,000.

A number of other institutional investors have also added to or reduced their stakes in the company. FinTrust Capital Advisors LLC purchased a new stake in shares of iShares Bitcoin Trust in the 1st quarter worth about $26,000. Sound Income Strategies LLC bought a new position in shares of iShares Bitcoin Trust during the first quarter valued at approximately $30,000. Hazlett Burt & Watson Inc. purchased a new position in shares of iShares Bitcoin Trust during the first quarter valued at approximately $40,000. Bfsg LLC bought a new stake in shares of iShares Bitcoin Trust in the 1st quarter worth approximately $41,000. Finally, Salem Investment Counselors Inc. purchased a new stake in shares of iShares Bitcoin Trust in the 1st quarter worth approximately $41,000.

iShares Bitcoin Trust Price Performance

IBIT stock opened at $38.42 on Friday. The company’s 50 day moving average is $37.00. iShares Bitcoin Trust has a twelve month low of $22.02 and a twelve month high of $41.99.

iShares Bitcoin Trust 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.