Townsquare Capital LLC Boosts Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Townsquare Capital LLC lifted its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 20.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,627 shares of the company’s stock after purchasing an additional 6,279 shares during the period. Townsquare Capital LLC’s holdings in iShares Bitcoin Trust were worth $1,323,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lazard Asset Management LLC purchased a new position in iShares Bitcoin Trust in the 1st quarter valued at about $59,000. Comerica Bank acquired a new stake in iShares Bitcoin Trust during the 1st quarter valued at approximately $225,000. EverSource Wealth Advisors LLC purchased a new stake in iShares Bitcoin Trust during the 1st quarter worth approximately $310,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of iShares Bitcoin Trust in the 2nd quarter valued at approximately $36,000. Finally, Mather Group LLC. purchased a new position in shares of iShares Bitcoin Trust during the 2nd quarter valued at approximately $85,000.

iShares Bitcoin Trust Stock Performance

Shares of NASDAQ:IBIT opened at $55.21 on Monday. The company has a fifty day simple moving average of $42.45 and a 200 day simple moving average of $38.10. iShares Bitcoin Trust has a 12-month low of $22.02 and a 12-month high of $56.86.

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.