Aragon Global Management LP Purchases Shares of 37,200 iShares Bitcoin Trust ETF $IBIT

Aragon Global Management LP purchased a new stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 37,200 shares of the company’s stock, valued at approximately $2,418,000. iShares Bitcoin Trust ETF makes up 0.7% of Aragon Global Management LP’s investment portfolio, making the stock its 24th largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Chapman Financial Group LLC purchased a new position in shares of iShares Bitcoin Trust ETF during the third quarter worth about $25,000. Sachetta LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 793.0% in the 3rd quarter. Sachetta LLC now owns 384 shares of the company’s stock worth $25,000 after buying an additional 341 shares during the last quarter. Roble Belko & Company Inc raised its position in shares of iShares Bitcoin Trust ETF by 77.2% during the 3rd quarter. Roble Belko & Company Inc now owns 459 shares of the company’s stock valued at $30,000 after buying an additional 200 shares in the last quarter. Financial Life Planners bought a new stake in shares of iShares Bitcoin Trust ETF during the 3rd quarter worth $31,000. Finally, Semmax Financial Advisors Inc. lifted its holdings in shares of iShares Bitcoin Trust ETF by 135.9% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock worth $33,000 after acquiring an additional 284 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Performance

NASDAQ IBIT opened at $40.37 on Friday. The stock’s 50-day simple moving average is $44.15 and its two-hundred day simple moving average is $53.53. iShares Bitcoin Trust ETF has a twelve month low of $35.30 and a twelve month high of $71.82.

About iShares Bitcoin Trust ETF

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.