Foundations Investment Advisors LLC Increases Position in iShares Bitcoin Trust ETF $IBIT

by · The Cerbat Gem

Foundations Investment Advisors LLC grew its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 21.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 377,630 shares of the company’s stock after purchasing an additional 66,277 shares during the period. Foundations Investment Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $23,115,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Signature Resources Capital Management LLC boosted its holdings in 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 valued at $27,000 after acquiring an additional 200 shares during the period. RMG Wealth Management LLC purchased a new position in shares of iShares Bitcoin Trust ETF in the second quarter valued at approximately $30,000. JFS Wealth Advisors LLC boosted its position in iShares Bitcoin Trust ETF by 1,277.1% in the 2nd quarter. JFS Wealth Advisors LLC now owns 482 shares of the company’s stock valued at $30,000 after buying an additional 447 shares during the period. Hughes Financial Services LLC raised its stake in shares of iShares Bitcoin Trust ETF by 160.1% in the second quarter. Hughes Financial Services LLC now owns 619 shares of the company’s stock valued at $41,000 after acquiring an additional 381 shares in the last quarter. Finally, TD Capital Management LLC boosted its holdings in iShares Bitcoin Trust ETF by 48.9% in the first quarter. TD Capital Management LLC now owns 636 shares of the company’s stock valued at $30,000 after purchasing an additional 209 shares during the period.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ IBIT opened at $53.47 on Friday. The stock’s 50-day moving average is $63.39 and its two-hundred day moving average is $62.67. iShares Bitcoin Trust ETF has a 1-year low of $42.98 and a 1-year high of $71.82.

About iShares Bitcoin Trust ETF

(Free Report)

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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