MGO One Seven LLC Takes Position in iShares Bitcoin Trust (NASDAQ:IBIT)

MGO One Seven LLC purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,414 shares of the company’s stock, valued at approximately $970,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IBIT. Headlands Technologies LLC boosted its position in iShares Bitcoin Trust by 134.1% during the second quarter. Headlands Technologies LLC now owns 16,326 shares of the company’s stock worth $557,000 after purchasing an additional 9,351 shares in the last quarter. Vantage Financial Partners LLC purchased a new position in shares of iShares Bitcoin Trust during the 2nd quarter valued at approximately $253,000. Van Hulzen Asset Management LLC acquired a new stake in iShares Bitcoin Trust in the 2nd quarter valued at $342,000. Levin Capital Strategies L.P. increased its holdings in iShares Bitcoin Trust by 54.0% in the 2nd quarter. Levin Capital Strategies L.P. now owns 7,700 shares of the company’s stock worth $263,000 after acquiring an additional 2,700 shares in the last quarter. Finally, Choreo LLC acquired a new position in iShares Bitcoin Trust during the second quarter worth $1,571,000.

iShares Bitcoin Trust Stock Up 2.4 %

IBIT opened at $34.04 on Friday. The firm’s fifty day simple moving average is $34.51 and its two-hundred day simple moving average is $36.42. iShares Bitcoin Trust has a 52-week low of $22.02 and a 52-week high of $41.99.

About iShares Bitcoin Trust

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.