Kercheville Advisors LLC Buys 11,128 Shares of iShares Bitcoin Trust ETF $IBIT

Kercheville Advisors LLC increased its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 194.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,853 shares of the company’s stock after acquiring an additional 11,128 shares during the period. Kercheville Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,095,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Signature Resources Capital Management LLC raised its stake in shares of iShares Bitcoin Trust ETF by 81.6% in the 2nd quarter. Signature Resources Capital Management LLC now owns 445 shares of the company’s stock valued at $27,000 after purchasing an additional 200 shares during the period. RMG Wealth Management LLC acquired a new position in shares of iShares Bitcoin Trust ETF during the second quarter worth about $30,000. JFS Wealth Advisors LLC grew its holdings in shares of iShares Bitcoin Trust ETF by 1,277.1% during the second quarter. JFS Wealth Advisors LLC now owns 482 shares of the company’s stock worth $30,000 after buying an additional 447 shares in the last quarter. Semmax Financial Advisors Inc. grew its holdings in shares of iShares Bitcoin Trust ETF by 135.9% during the second quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock worth $33,000 after buying an additional 284 shares in the last quarter. Finally, Highline Wealth Partners LLC raised its position in iShares Bitcoin Trust ETF by 150.0% in the 3rd quarter. Highline Wealth Partners LLC now owns 500 shares of the company’s stock valued at $32,000 after buying an additional 300 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Performance

NASDAQ IBIT opened at $50.94 on Monday. iShares Bitcoin Trust ETF has a 52 week low of $42.98 and a 52 week high of $71.82. The stock’s 50 day moving average price is $53.16 and its two-hundred day moving average price is $60.59.

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.