Central Asset Investments & Management Holdings HK Ltd Purchases 8,000 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Central Asset Investments & Management Holdings HK Ltd raised its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 38.1% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 29,000 shares of the company’s stock after acquiring an additional 8,000 shares during the period. iShares Bitcoin Trust comprises 0.4% of Central Asset Investments & Management Holdings HK Ltd’s portfolio, making the stock its 24th biggest position. Central Asset Investments & Management Holdings HK Ltd’s holdings in iShares Bitcoin Trust were worth $990,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of IBIT. FinTrust Capital Advisors LLC acquired a new stake in shares of iShares Bitcoin Trust in the first quarter valued at approximately $26,000. Sound Income Strategies LLC bought a new position in iShares Bitcoin Trust in the first quarter valued at $30,000. Creekmur Asset Management LLC acquired a new stake in iShares Bitcoin Trust in the 1st quarter valued at $30,000. International Assets Investment Management LLC bought a new stake in iShares Bitcoin Trust during the 2nd quarter worth about $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in iShares Bitcoin Trust during the 2nd quarter worth about $36,000.

iShares Bitcoin Trust Stock Up 3.4 %

NASDAQ:IBIT opened at $34.10 on Wednesday. iShares Bitcoin Trust has a 52-week low of $22.02 and a 52-week high of $41.99. The stock’s 50-day simple moving average is $34.55 and its 200 day simple moving average is $36.43.

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.