Sara Bay Financial Makes New $333,000 Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Sara Bay Financial bought a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, Holdings Channel reports. The firm bought 6,225 shares of the company’s stock, valued at approximately $333,000.

A number of other large investors have also recently added to or reduced their stakes in IBIT. Envestnet Asset Management Inc. boosted its position in iShares Bitcoin Trust by 42.6% during the second quarter. Envestnet Asset Management Inc. now owns 108,497 shares of the company’s stock worth $3,704,000 after purchasing an additional 32,416 shares during the period. Brown Brothers Harriman & Co. acquired a new position in shares of iShares Bitcoin Trust during the second quarter worth approximately $43,000. Renaissance Technologies LLC acquired a new position in shares of iShares Bitcoin Trust during the second quarter worth approximately $505,000. Glass Jacobson Investment Advisors llc acquired a new position in shares of iShares Bitcoin Trust during the second quarter worth approximately $26,000. Finally, Hollencrest Capital Management lifted its holdings in shares of iShares Bitcoin Trust by 256.7% during the second quarter. Hollencrest Capital Management now owns 1,327 shares of the company’s stock worth $45,000 after buying an additional 955 shares during the last quarter.

iShares Bitcoin Trust Stock Up 4.4 %

Shares of IBIT stock traded up $2.53 during trading hours on Friday, reaching $59.62. 70,436,318 shares of the company’s stock were exchanged, compared to its average volume of 44,819,953. iShares Bitcoin Trust has a fifty-two week low of $22.02 and a fifty-two week high of $61.75. The business has a fifty day moving average price of $54.88 and a 200-day moving average price of $42.40.

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.