Cobblestone Asset Management LLC Acquires Shares of 76,936 iShares Bitcoin Trust (NASDAQ:IBIT)

Cobblestone Asset Management LLC acquired a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 76,936 shares of the company’s stock, valued at approximately $2,627,000. iShares Bitcoin Trust comprises 1.7% of Cobblestone Asset Management LLC’s holdings, making the stock its 16th largest position.

Several other hedge funds have also recently modified their holdings of the company. Cedar Mountain Advisors LLC increased its position in shares of iShares Bitcoin Trust by 39.1% during the second quarter. Cedar Mountain Advisors LLC now owns 1,362 shares of the company’s stock valued at $46,000 after acquiring an additional 383 shares during the last quarter. Csenge Advisory Group raised its stake in shares of iShares Bitcoin Trust by 3.0% during the 2nd quarter. Csenge Advisory Group now owns 14,477 shares of the company’s stock worth $494,000 after purchasing an additional 423 shares during the period. Burkett Financial Services LLC boosted its holdings in shares of iShares Bitcoin Trust by 94.0% in the 2nd quarter. Burkett Financial Services LLC now owns 1,168 shares of the company’s stock worth $40,000 after buying an additional 566 shares during the last quarter. FinTrust Capital Advisors LLC bought a new position in iShares Bitcoin Trust during the first quarter valued at about $26,000. Finally, Creekmur Asset Management LLC bought a new stake in iShares Bitcoin Trust in the first quarter worth about $30,000.

iShares Bitcoin Trust Stock Down 3.2 %

Shares of iShares Bitcoin Trust stock traded down $1.06 on Thursday, reaching $32.50. 28,701,762 shares of the company traded hands, compared to its average volume of 31,578,400. The company has a 50 day moving average of $35.60 and a 200 day moving average of $35.50. iShares Bitcoin Trust has a 52 week low of $22.02 and a 52 week high of $41.99.

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.