Synergy Asset Management LLC grew its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) by 105.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 107,139 shares of the company’s stock after buying an additional 55,031 shares during the quarter. Synergy Asset Management LLC’s holdings in iShares Bitcoin Trust were worth $3,658,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently made changes to their positions in the stock. Signal Advisors Wealth LLC acquired a new stake in shares of iShares Bitcoin Trust in the first quarter valued at $832,000. LexAurum Advisors LLC acquired a new stake in iShares Bitcoin Trust in the 1st quarter valued at about $485,000. Salem Investment Counselors Inc. bought a new position in shares of iShares Bitcoin Trust during the 1st quarter valued at about $41,000. Catalyst Private Wealth LLC acquired a new position in shares of iShares Bitcoin Trust in the 1st quarter worth approximately $212,000. Finally, Traynor Capital Management Inc. bought a new stake in shares of iShares Bitcoin Trust in the 1st quarter worth approximately $3,666,000.
iShares Bitcoin Trust Trading Up 0.2 %
NASDAQ:IBIT traded up $0.07 during trading hours on Friday, reaching $31.92. 1,741,616 shares of the company’s stock were exchanged, compared to its average volume of 30,732,115. iShares Bitcoin Trust has a 12 month low of $22.02 and a 12 month high of $41.99. The business’s 50-day simple moving average is $34.72 and its two-hundred day simple moving average is $36.30.
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.
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