Manchester Capital Management LLC Buys New Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

Manchester Capital Management LLC bought a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 6,906 shares of the company’s stock, valued at approximately $279,000.

Other hedge funds also recently bought and sold shares of the company. FinTrust Capital Advisors LLC acquired a new position in shares of iShares Bitcoin Trust during the first quarter valued at about $26,000. Sound Income Strategies LLC bought a new position in iShares Bitcoin Trust during the first quarter valued at about $30,000. Hazlett Burt & Watson Inc. acquired a new position in iShares Bitcoin Trust in the 1st quarter valued at approximately $40,000. Bfsg LLC bought a new stake in shares of iShares Bitcoin Trust in the 1st quarter worth approximately $41,000. Finally, Salem Investment Counselors Inc. acquired a new stake in shares of iShares Bitcoin Trust during the 1st quarter worth approximately $41,000.

iShares Bitcoin Trust Trading Up 0.9 %

Shares of NASDAQ IBIT traded up $0.30 during trading hours on Friday, reaching $33.00. The stock had a trading volume of 5,998,680 shares, compared to its average volume of 31,541,920. iShares Bitcoin Trust has a twelve month low of $22.02 and a twelve month high of $41.99. The stock has a fifty day moving average price of $36.83.

iShares Bitcoin Trust 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.