JTC Employer Solutions Trustee Ltd Takes Position in iShares Bitcoin Trust (NASDAQ:IBIT)

JTC Employer Solutions Trustee Ltd acquired a new position in iShares Bitcoin Trust (NASDAQ:IBIT) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,158 shares of the company’s stock, valued at approximately $84,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in IBIT. Altiora Financial Group LLC purchased a new position in shares of iShares Bitcoin Trust during the 1st quarter worth $481,000. SeaCrest Wealth Management LLC bought a new stake in shares of iShares Bitcoin Trust during the 1st quarter valued at $1,524,000. Requisite Capital Management LLC bought a new stake in shares of iShares Bitcoin Trust during the 1st quarter valued at $800,000. Naviter Wealth LLC bought a new stake in shares of iShares Bitcoin Trust during the 1st quarter valued at $257,000. Finally, CAP Partners LLC bought a new stake in shares of iShares Bitcoin Trust during the 1st quarter valued at $223,000.

iShares Bitcoin Trust Price Performance

Shares of IBIT stock traded down $0.78 during mid-day trading on Wednesday, reaching $34.44. 12,045,981 shares of the company’s stock traded hands, compared to its average volume of 31,962,129. iShares Bitcoin Trust has a 12 month low of $22.02 and a 12 month high of $41.99. The firm’s 50 day moving average price is $37.04.

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.