Brighton Jones LLC Increases Stake in iShares Bitcoin Trust ETF

Brighton Jones LLC has significantly increased its investment in the iShares Bitcoin Trust ETF (NASDAQ: IBIT) by purchasing an additional 2,345 shares during the second quarter of 2023. This acquisition represents a 25.6% increase in its holdings, bringing the firm’s total to 11,521 shares, valued at approximately $705,000 as per its most recent filing with the U.S. Securities and Exchange Commission (SEC).

The investment landscape for iShares Bitcoin Trust ETF is evolving, with other hedge funds also adjusting their positions. For instance, American Capital Advisory LLC expanded its holdings by 144.7% in the first quarter, acquiring 327 additional shares to reach a total of 553 shares valued at $26,000. Similarly, Signature Resources Capital Management LLC boosted its stake by 81.6% during the second quarter, now owning 445 shares worth $27,000 after purchasing 200 additional shares.

Mather Group LLC and Berbice Capital Management LLC also reported substantial increases. Mather Group LLC grew its holdings by 164.2% in the first quarter, resulting in ownership of 605 shares valued at $28,000. Meanwhile, Berbice Capital Management LLC doubled its stake by acquiring 300 shares, bringing its total to 600 shares, also valued at $28,000. Smallwood Wealth Investment Management LLC entered the market for the first time in the first quarter with a position valued at approximately $30,000.

As of the latest trading session, iShares Bitcoin Trust ETF shares have shown some fluctuations, opening at $64.49. The stock has seen a twelve-month low of $38.17 and a high of $71.82. Currently, the 50-day simple moving average stands at $64.60, while the 200-day average is at $62.00.

The iShares Bitcoin Trust ETF, launched on January 5, 2024, is designed to primarily invest in Bitcoin while managing currency exposure to the U.S. dollar. This passively managed fund aims to reflect the spot price of Bitcoin, making it a significant player in the cryptocurrency investment space. The ETF is issued by BlackRock, a leading global investment management corporation.

Investors interested in exploring the movements of hedge funds and their investments in iShares Bitcoin Trust ETF can find detailed information through financial tracking platforms, which provide up-to-date insights on 13F filings and insider trades.