Synergy Asset Management LLC Invests $2.11 Million in iShares Bitcoin Trust (NASDAQ:IBIT)

Synergy Asset Management LLC bought a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 52,108 shares of the company’s stock, valued at approximately $2,109,000.

Other institutional investors also recently bought and sold shares of the company. Brookstone Capital Management purchased a new position in iShares Bitcoin Trust during the first quarter valued at approximately $7,017,000. Fiduciary Alliance LLC acquired a new position in shares of iShares Bitcoin Trust in the 1st quarter valued at $5,380,000. Panoramic Investment Advisors LLC purchased a new stake in iShares Bitcoin Trust during the first quarter worth $4,921,000. Epiq Partners LLC acquired a new stake in iShares Bitcoin Trust during the first quarter valued at $4,207,000. Finally, Kingswood Wealth Advisors LLC purchased a new position in iShares Bitcoin Trust in the first quarter valued at $3,983,000.

iShares Bitcoin Trust Stock Down 1.9 %

Shares of IBIT stock traded down $0.67 during mid-day trading on Tuesday, hitting $35.33. 9,878,452 shares of the stock were exchanged, compared to its average volume of 32,091,578. iShares Bitcoin Trust has a 52-week low of $22.02 and a 52-week high of $41.99. The stock’s fifty day moving average price 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.