Baker Tilly Wealth Management LLC Makes New $754,000 Investment in iShares Bitcoin Trust ETF $IBIT

Baker Tilly Wealth Management LLC acquired a new position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 4th quarter, HoldingsChannel reports. The firm acquired 15,193 shares of the company’s stock, valued at approximately $754,000.

A number of other institutional investors also recently modified their holdings of the company. Capula Management Ltd grew its position in iShares Bitcoin Trust ETF by 22.5% during the 2nd quarter. Capula Management Ltd now owns 9,481,233 shares of the company’s stock worth $580,346,000 after acquiring an additional 1,739,073 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its position in iShares Bitcoin Trust ETF by 19.2% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 6,782,398 shares of the company’s stock valued at $440,856,000 after purchasing an additional 1,093,183 shares during the last quarter. Sculptor Capital LP raised its position 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 last quarter. JPMorgan Chase & Co. boosted its stake in 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 worth $196,916,000 after purchasing an additional 2,953,342 shares in the last quarter. Finally, 59 North Capital Management LP acquired a new position in iShares Bitcoin Trust ETF in the third quarter worth $169,100,000.

iShares Bitcoin Trust ETF Stock Performance

Shares of IBIT stock opened at $39.78 on Monday. iShares Bitcoin Trust ETF has a 52 week low of $35.30 and a 52 week high of $71.82. The stock’s fifty day moving average is $43.03 and its 200-day moving average is $52.62.

iShares Bitcoin Trust ETF 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.