Gibson Capital LLC Takes $400,000 Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Gibson Capital LLC purchased a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the first quarter, Holdings Channel reports. The institutional investor purchased 9,884 shares of the company’s stock, valued at approximately $400,000.

Other large investors also recently modified their holdings of the company. Sound Income Strategies LLC bought a new position in shares of iShares Bitcoin Trust in the 1st quarter valued at $30,000. Salem Investment Counselors Inc. acquired a new stake in iShares Bitcoin Trust in the first quarter valued at $41,000. Catalyst Private Wealth LLC acquired a new stake in iShares Bitcoin Trust in the first quarter valued at $212,000. Graybill Wealth Management LTD. acquired a new stake in iShares Bitcoin Trust in the first quarter valued at $236,000. Finally, Investment Partners Asset Management Inc. acquired a new stake in iShares Bitcoin Trust in the first quarter valued at $249,000.

iShares Bitcoin Trust Stock Down 2.4 %

NASDAQ IBIT traded down $0.84 on Friday, reaching $34.14. The company had a trading volume of 18,313,090 shares, compared to its average volume of 32,399,723. iShares Bitcoin Trust has a fifty-two week low of $22.02 and a fifty-two week high of $41.99. The business has a 50 day moving average price of $37.18.

About iShares Bitcoin Trust

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.