Alpha Zero LLC Grows Position in iShares Bitcoin Trust ETF $IBIT

Alpha Zero LLC grew its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 43.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 84,035 shares of the company’s stock after acquiring an additional 25,576 shares during the period. iShares Bitcoin Trust ETF makes up approximately 1.6% of Alpha Zero LLC’s portfolio, making the stock its 12th largest position. Alpha Zero LLC’s holdings in iShares Bitcoin Trust ETF were worth $3,229,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Johnson Financial Group Inc. lifted its stake in shares of iShares Bitcoin Trust ETF by 75.2% in the first quarter. Johnson Financial Group Inc. now owns 3,346 shares of the company’s stock valued at $129,000 after purchasing an additional 1,436 shares during the period. Element Pointe Advisors LLC grew its position in iShares Bitcoin Trust ETF by 33.1% during the first quarter. Element Pointe Advisors LLC now owns 88,132 shares of the company’s stock worth $3,386,000 after buying an additional 21,929 shares during the period. Legacy Wealth Managment LLC ID increased its holdings in iShares Bitcoin Trust ETF by 18.1% in the first quarter. Legacy Wealth Managment LLC ID now owns 13,049 shares of the company’s stock valued at $501,000 after buying an additional 2,002 shares in the last quarter. AlTi Global Inc. increased its holdings in iShares Bitcoin Trust ETF by 3.0% in the first quarter. AlTi Global Inc. now owns 407,581 shares of the company’s stock valued at $16,036,000 after buying an additional 11,826 shares in the last quarter. Finally, Earned Wealth Advisors LLC lifted its position in shares of iShares Bitcoin Trust ETF by 121.4% during the 1st quarter. Earned Wealth Advisors LLC now owns 11,870 shares of the company’s stock valued at $456,000 after acquiring an additional 6,508 shares during the period.

iShares Bitcoin Trust ETF Price Performance

Shares of NASDAQ:IBIT opened at $36.89 on Tuesday. The business’s 50 day simple moving average is $38.05 and its 200-day simple moving average is $41.45. iShares Bitcoin Trust ETF has a 12 month low of $32.84 and a 12 month high of $71.82.

About iShares Bitcoin Trust ETF

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.