Matrix Private Capital Group LLC Purchases Shares of 70,800 iShares Bitcoin Trust ETF $IBIT

Matrix Private Capital Group LLC purchased a new stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 70,800 shares of the company’s stock, valued at approximately $2,720,000. iShares Bitcoin Trust ETF comprises about 1.3% of Matrix Private Capital Group LLC’s portfolio, making the stock its 19th largest position.

A number of other hedge funds also recently modified their holdings of IBIT. Brighton Jones LLC bought a new position in iShares Bitcoin Trust ETF during the fourth quarter worth $711,000. Step Capital Management Pte. Ltd. acquired a new position in iShares Bitcoin Trust ETF in the fourth quarter valued at $3,724,000. BIP Wealth LLC boosted its position in iShares Bitcoin Trust ETF by 220.4% during the fourth quarter. BIP Wealth LLC now owns 27,207 shares of the company’s stock valued at $1,351,000 after acquiring an additional 18,716 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC bought a new stake in iShares Bitcoin Trust ETF during the fourth quarter valued at $714,000. Finally, Columbus Macro LLC boosted its position in iShares Bitcoin Trust ETF by 77.0% during the fourth quarter. Columbus Macro LLC now owns 32,830 shares of the company’s stock valued at $1,630,000 after acquiring an additional 14,284 shares during the last quarter.

iShares Bitcoin Trust ETF Trading Down 0.8%

Shares of iShares Bitcoin Trust ETF stock opened at $36.35 on Friday. The business has a 50-day moving average price of $37.37 and a two-hundred day moving average price of $41.15. iShares Bitcoin Trust ETF has a 1-year low of $32.84 and a 1-year high of $71.82.

iShares Bitcoin Trust ETF 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.