Glass Jacobson Investment Advisors llc Purchases New Shares in iShares Bitcoin Trust (NASDAQ:IBIT)

Glass Jacobson Investment Advisors llc purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 756 shares of the company’s stock, valued at approximately $26,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Brookstone Capital Management acquired a new stake in shares of iShares Bitcoin Trust during the first quarter worth about $7,017,000. Kingsview Wealth Management LLC purchased a new position in shares of iShares Bitcoin Trust in the 1st quarter valued at approximately $1,403,000. Financial Sense Advisors Inc. purchased a new position in shares of iShares Bitcoin Trust in the 1st quarter valued at approximately $1,278,000. Axxcess Wealth Management LLC acquired a new position in shares of iShares Bitcoin Trust in the first quarter valued at approximately $965,000. Finally, Traynor Capital Management Inc. purchased a new stake in shares of iShares Bitcoin Trust during the first quarter worth approximately $3,666,000.

iShares Bitcoin Trust Stock Up 5.4 %

Shares of NASDAQ IBIT opened at $36.01 on Friday. The stock has a fifty day moving average price of $34.65 and a 200 day moving average price of $36.41. iShares Bitcoin Trust has a 1-year low of $22.02 and a 1-year high of $41.99.

iShares Bitcoin Trust 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.