AlphaMark Advisors LLC Makes New Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

AlphaMark Advisors LLC bought a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,540 shares of the company’s stock, valued at approximately $103,000.

Other hedge funds have also recently bought and sold shares of the company. Signal Advisors Wealth LLC bought a new stake in shares of iShares Bitcoin Trust during the first quarter worth about $832,000. LexAurum Advisors LLC acquired a new position in iShares Bitcoin Trust in the 1st quarter valued at approximately $485,000. Salem Investment Counselors Inc. acquired a new position in shares of iShares Bitcoin Trust during the first quarter worth $41,000. Catalyst Private Wealth LLC bought a new stake in shares of iShares Bitcoin Trust in the first quarter worth $212,000. Finally, Traynor Capital Management Inc. acquired a new stake in iShares Bitcoin Trust in the first quarter valued at $3,666,000.

iShares Bitcoin Trust Stock Up 5.4 %

Shares of IBIT stock traded up $1.86 during trading hours on Monday, hitting $36.00. 18,453,494 shares of the company were exchanged, compared to its average volume of 32,280,883. iShares Bitcoin Trust has a fifty-two week low of $22.02 and a fifty-two week high of $41.99. The company’s 50 day simple moving average is $37.14.

iShares Bitcoin Trust Company 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.