HB Wealth Management LLC increased its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 28.3% in the first quarter, HoldingsChannel.com reports. The firm owned 97,881 shares of the company’s stock after acquiring an additional 21,567 shares during the quarter. HB Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $3,761,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in IBIT. Brighton Jones LLC purchased a new position in iShares Bitcoin Trust ETF in the fourth quarter valued at about $711,000. Bison Wealth LLC acquired a new stake in shares of iShares Bitcoin Trust ETF during the 4th quarter valued at approximately $3,140,000. Royal Bank of Canada boosted its stake in shares of iShares Bitcoin Trust ETF by 3.6% during the 1st quarter. Royal Bank of Canada now owns 61,926 shares of the company’s stock worth $2,898,000 after acquiring an additional 2,148 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of iShares Bitcoin Trust ETF by 427.2% during the 1st quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock worth $102,000 after acquiring an additional 1,760 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in shares of iShares Bitcoin Trust ETF in the 2nd quarter worth approximately $357,000.
iShares Bitcoin Trust ETF Stock Performance
IBIT opened at $34.87 on Monday. iShares Bitcoin Trust ETF has a 1-year low of $32.84 and a 1-year high of $71.82. The stock’s 50 day simple moving average is $39.91 and its 200 day simple moving average is $42.48.
iShares Bitcoin Trust ETF Company 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.
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Want to see what other hedge funds are holding IBIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report).
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