Bray Capital Advisors Purchases Shares of 9,620 iShares Bitcoin Trust (NASDAQ:IBIT)

Bray Capital Advisors purchased a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) during the third quarter, HoldingsChannel.com reports. The firm purchased 9,620 shares of the company’s stock, valued at approximately $348,000.

Other hedge funds also recently made changes to their positions in the company. Glass Jacobson Investment Advisors llc acquired a new position in shares of iShares Bitcoin Trust in the 2nd quarter valued at $26,000. Asset Dedication LLC boosted its holdings in shares of iShares Bitcoin Trust by 52.4% in the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after purchasing an additional 279 shares during the last quarter. Creekmur Asset Management LLC acquired a new position in shares of iShares Bitcoin Trust in the 1st quarter valued at $30,000. International Assets Investment Management LLC acquired a new position in shares of iShares Bitcoin Trust in the 2nd quarter valued at $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of iShares Bitcoin Trust in the 2nd quarter valued at $36,000.

iShares Bitcoin Trust Price Performance

Shares of IBIT stock opened at $43.69 on Friday. The company’s fifty day simple moving average is $36.55 and its 200-day simple moving average is $36.24. iShares Bitcoin Trust has a 52 week low of $22.02 and a 52 week high of $44.09.

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.