World Equity Group Inc. Purchases 1,815 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

World Equity Group Inc. raised its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 35.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,876 shares of the company’s stock after acquiring an additional 1,815 shares during the period. World Equity Group Inc.’s holdings in iShares Bitcoin Trust were worth $235,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in IBIT. FinTrust Capital Advisors LLC bought a new stake in shares of iShares Bitcoin Trust in the first quarter valued at approximately $26,000. Sound Income Strategies LLC bought a new stake in iShares Bitcoin Trust during the first quarter worth $30,000. Creekmur Asset Management LLC bought a new stake in iShares Bitcoin Trust during the first quarter worth $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in iShares Bitcoin Trust during the second quarter worth $36,000. Finally, Hazlett Burt & Watson Inc. bought a new stake in iShares Bitcoin Trust during the first quarter worth $40,000.

iShares Bitcoin Trust Stock Up 4.7 %

Shares of NASDAQ:IBIT traded up $1.53 during trading on Friday, hitting $34.03. 22,686,484 shares of the company were exchanged, compared to its average volume of 31,518,945. The business’s 50 day moving average is $35.50 and its 200-day moving average is $35.64. iShares Bitcoin Trust has a 1-year low of $22.02 and a 1-year high of $41.99.

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.