TIAA Trust National Association Boosts Holdings in iShares Bitcoin Trust ETF $IBIT
by Doug Wharley · The Cerbat GemTIAA Trust National Association boosted its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 51.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 8,184 shares of the company’s stock after buying an additional 2,784 shares during the quarter. TIAA Trust National Association’s holdings in iShares Bitcoin Trust ETF were worth $501,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Signature Resources Capital Management LLC boosted its stake in shares of iShares Bitcoin Trust ETF by 81.6% during the 2nd quarter. Signature Resources Capital Management LLC now owns 445 shares of the company’s stock worth $27,000 after acquiring an additional 200 shares during the last quarter. Berbice Capital Management LLC increased its stake in shares of iShares Bitcoin Trust ETF by 100.0% in the 1st quarter. Berbice Capital Management LLC now owns 600 shares of the company’s stock worth $28,000 after purchasing an additional 300 shares in the last quarter. TD Capital Management LLC raised its holdings in iShares Bitcoin Trust ETF by 48.9% in the 1st quarter. TD Capital Management LLC now owns 636 shares of the company’s stock worth $30,000 after purchasing an additional 209 shares during the period. RMG Wealth Management LLC bought a new position in iShares Bitcoin Trust ETF in the 2nd quarter worth $30,000. Finally, JFS Wealth Advisors LLC lifted its position in iShares Bitcoin Trust ETF by 1,277.1% during the second quarter. JFS Wealth Advisors LLC now owns 482 shares of the company’s stock valued at $30,000 after purchasing an additional 447 shares in the last quarter.
iShares Bitcoin Trust ETF Price Performance
NASDAQ:IBIT opened at $58.92 on Thursday. The stock has a 50-day simple moving average of $64.15 and a two-hundred day simple moving average of $62.52. iShares Bitcoin Trust ETF has a 52-week low of $41.86 and a 52-week high of $71.82.
About iShares Bitcoin Trust ETF
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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