CIBC Private Wealth Group LLC Boosts Stake in iShares Bitcoin Trust ETF $IBIT

CIBC Private Wealth Group LLC grew its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 13.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 122,385 shares of the company’s stock after buying an additional 14,775 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in iShares Bitcoin Trust ETF were worth $7,955,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IBIT. JPMorgan Chase & Co. grew its holdings in shares of iShares Bitcoin Trust ETF by 1,119.9% in the second quarter. JPMorgan Chase & Co. now owns 3,217,056 shares of the company’s stock valued at $196,916,000 after acquiring an additional 2,953,342 shares in the last quarter. 59 North Capital Management LP bought a new stake in iShares Bitcoin Trust ETF during the third quarter worth $169,100,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in iShares Bitcoin Trust ETF in the second quarter worth $113,404,000. Capula Management Ltd boosted its position in iShares Bitcoin Trust ETF by 22.5% in the second quarter. Capula Management Ltd now owns 9,481,233 shares of the company’s stock worth $580,346,000 after purchasing an additional 1,739,073 shares during the last quarter. Finally, Sculptor Capital LP grew its stake in iShares Bitcoin Trust ETF by 59.5% in the 2nd quarter. Sculptor Capital LP now owns 4,487,247 shares of the company’s stock valued at $274,664,000 after purchasing an additional 1,673,788 shares during the period.

iShares Bitcoin Trust ETF Stock Down 0.1%

Shares of iShares Bitcoin Trust ETF stock opened at $39.78 on Friday. iShares Bitcoin Trust ETF has a 1 year low of $35.30 and a 1 year high of $71.82. The stock has a fifty day moving average price of $43.03 and a 200-day moving average price of $52.77.

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.