ORG Partners LLC Buys 7,924 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

ORG Partners LLC grew its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 346.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,208 shares of the company’s stock after buying an additional 7,924 shares during the period. ORG Partners LLC’s holdings in iShares Bitcoin Trust were worth $542,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IBIT. PFG Investments LLC purchased a new position in iShares Bitcoin Trust during the second quarter valued at approximately $233,000. MGO One Seven LLC bought a new position in iShares Bitcoin Trust in the 2nd quarter worth $970,000. Johnson Investment Counsel Inc. increased its stake in iShares Bitcoin Trust by 57.1% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 32,065 shares of the company’s stock worth $1,095,000 after buying an additional 11,660 shares in the last quarter. Main Street Financial Solutions LLC lifted its position in shares of iShares Bitcoin Trust by 25.3% in the second quarter. Main Street Financial Solutions LLC now owns 13,649 shares of the company’s stock valued at $466,000 after acquiring an additional 2,757 shares in the last quarter. Finally, LWM Advisory Services LLC bought a new position in shares of iShares Bitcoin Trust in the second quarter worth about $508,000.

iShares Bitcoin Trust Price Performance

Shares of IBIT opened at $53.84 on Friday. iShares Bitcoin Trust has a 12-month low of $22.02 and a 12-month high of $61.75. The business’s 50 day moving average is $53.42 and its 200 day moving average is $41.67.

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.