CIBC Bancorp USA Inc. Makes New $9.76 Million Investment in iShares Bitcoin Trust ETF $IBIT

CIBC Bancorp USA Inc. purchased a new position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 150,095 shares of the company’s stock, valued at approximately $9,756,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Oarsman Capital Inc. lifted its position in shares of iShares Bitcoin Trust ETF by 31.6% in the third quarter. Oarsman Capital Inc. now owns 12,630 shares of the company’s stock worth $821,000 after purchasing an additional 3,031 shares in the last quarter. Centaurus Financial Inc. increased its stake in iShares Bitcoin Trust ETF by 13.0% in the 3rd quarter. Centaurus Financial Inc. now owns 76,426 shares of the company’s stock valued at $4,968,000 after buying an additional 8,809 shares during the last quarter. Wilmington Savings Fund Society FSB increased its stake in iShares Bitcoin Trust ETF by 646.4% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 21,510 shares of the company’s stock valued at $1,398,000 after buying an additional 18,628 shares during the last quarter. Asset Dedication LLC lifted its position in iShares Bitcoin Trust ETF by 8.6% during the 3rd quarter. Asset Dedication LLC now owns 16,397 shares of the company’s stock worth $1,066,000 after buying an additional 1,305 shares in the last quarter. Finally, Mayport LLC boosted its stake in shares of iShares Bitcoin Trust ETF by 24.6% during the 3rd quarter. Mayport LLC now owns 8,084 shares of the company’s stock worth $525,000 after buying an additional 1,597 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ IBIT opened at $39.78 on Friday. The business has a 50-day moving average of $43.03 and a 200-day moving average of $52.77. iShares Bitcoin Trust ETF has a fifty-two week low of $35.30 and a fifty-two week 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.