Moors & Cabot Inc. Purchases 25,065 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Moors & Cabot Inc. grew its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 26.1% during the second quarter, HoldingsChannel.com reports. The firm owned 121,088 shares of the company’s stock after buying an additional 25,065 shares during the quarter. Moors & Cabot Inc.’s holdings in iShares Bitcoin Trust were worth $4,134,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. FinTrust Capital Advisors LLC bought a new stake in shares of iShares Bitcoin Trust in the first quarter valued at about $26,000. Sound Income Strategies LLC bought a new stake in shares of iShares Bitcoin Trust in the first quarter valued at about $30,000. Creekmur Asset Management LLC bought a new stake in iShares Bitcoin Trust during the first quarter worth about $30,000. International Assets Investment Management LLC bought a new stake in iShares Bitcoin Trust during the second quarter worth about $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in iShares Bitcoin Trust during the second quarter worth about $36,000.

iShares Bitcoin Trust Trading Down 3.1 %

IBIT opened at $32.98 on Tuesday. iShares Bitcoin Trust has a 52-week low of $22.02 and a 52-week high of $41.99. The business’s 50-day simple moving average is $34.53 and its 200 day simple moving average is $36.45.

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.