Epiq Partners LLC Invests $4.21 Million in iShares Bitcoin Trust (NASDAQ:IBIT)

Epiq Partners LLC acquired a new position in iShares Bitcoin Trust (NASDAQ:IBIT) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 103,962 shares of the company’s stock, valued at approximately $4,207,000. iShares Bitcoin Trust comprises about 2.8% of Epiq Partners LLC’s holdings, making the stock its 10th largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sovereign Financial Group Inc. acquired a new stake in iShares Bitcoin Trust in the 1st quarter worth approximately $580,000. Brookstone Capital Management acquired a new stake in iShares Bitcoin Trust in the 1st quarter worth approximately $7,017,000. Financial Enhancement Group LLC acquired a new stake in iShares Bitcoin Trust in the 1st quarter worth approximately $2,943,000. Kingswood Wealth Advisors LLC acquired a new stake in iShares Bitcoin Trust in the 1st quarter worth approximately $3,983,000. Finally, Sound Income Strategies LLC acquired a new stake in iShares Bitcoin Trust in the 1st quarter worth approximately $30,000.

iShares Bitcoin Trust Stock Up 1.4 %

IBIT stock traded up $0.47 during trading on Thursday, reaching $35.18. The company had a trading volume of 6,762,110 shares, compared to its average volume of 32,452,855. The business has a 50-day simple moving average of $37.25. iShares Bitcoin Trust has a twelve month low of $22.02 and a twelve month high of $41.99.

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.