Galvin Gaustad & Stein LLC Buys Shares of 4,680 iShares Bitcoin Trust (NASDAQ:IBIT)

Galvin Gaustad & Stein LLC purchased a new position in iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,680 shares of the company’s stock, valued at approximately $248,000.

A number of other large investors have also made changes to their positions in IBIT. Envestnet Asset Management Inc. raised its position in shares of iShares Bitcoin Trust by 42.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 108,497 shares of the company’s stock valued at $3,704,000 after purchasing an additional 32,416 shares during the last quarter. Renaissance Technologies LLC acquired a new position in iShares Bitcoin Trust during the 2nd quarter valued at approximately $505,000. Thrivent Financial for Lutherans raised its holdings in shares of iShares Bitcoin Trust by 12.7% in the second quarter. Thrivent Financial for Lutherans now owns 15,505 shares of the company’s stock worth $529,000 after buying an additional 1,748 shares during the last quarter. 1832 Asset Management L.P. acquired a new stake in shares of iShares Bitcoin Trust during the second quarter worth $216,000. Finally, Bank of Montreal Can grew its holdings in shares of iShares Bitcoin Trust by 0.5% during the second quarter. Bank of Montreal Can now owns 134,332 shares of the company’s stock valued at $4,586,000 after buying an additional 723 shares during the last quarter.

iShares Bitcoin Trust Price Performance

NASDAQ IBIT opened at $58.79 on Friday. The stock’s fifty day moving average price is $55.44 and its 200 day moving average price is $43.00. iShares Bitcoin Trust has a 1 year low of $22.57 and a 1 year high of $61.75.

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.