72,672 Shares in iShares Bitcoin Trust (NASDAQ:IBIT) Acquired by Summit Trail Advisors LLC

Summit Trail Advisors LLC acquired a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 72,672 shares of the company’s stock, valued at approximately $2,626,000.

Several other large investors also recently added to or reduced their stakes in IBIT. Glass Jacobson Investment Advisors llc acquired a new stake in shares of iShares Bitcoin Trust during the 2nd quarter worth approximately $26,000. Asset Dedication LLC increased its stake in iShares Bitcoin Trust by 52.4% during the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after acquiring an additional 279 shares during the last quarter. Creekmur Asset Management LLC purchased a new stake in iShares Bitcoin Trust in the first quarter valued at $30,000. International Assets Investment Management LLC purchased a new stake in iShares Bitcoin Trust in the second quarter valued at $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of iShares Bitcoin Trust in the 2nd quarter valued at $36,000.

iShares Bitcoin Trust Price Performance

Shares of NASDAQ:IBIT opened at $56.49 on Monday. iShares Bitcoin Trust has a 12-month low of $22.02 and a 12-month high of $56.86. The business has a 50-day moving average price of $40.50 and a 200 day moving average price of $37.45.

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.