Equitable Trust Co. Grows Position in iShares Bitcoin Trust ETF $IBIT

Equitable Trust Co. increased its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 114.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 56,007 shares of the company’s stock after buying an additional 29,897 shares during the quarter. Equitable Trust Co.’s holdings in iShares Bitcoin Trust ETF were worth $2,152,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in IBIT. Marshall & Sterling Wealth Advisors Inc. grew its position in shares of iShares Bitcoin Trust ETF by 12,500.0% during the fourth quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock worth $25,000 after acquiring an additional 500 shares during the last quarter. Key Capital Management INC acquired a new position in shares of iShares Bitcoin Trust ETF in the 4th quarter valued at $26,000. Vermillion & White Wealth Management Group LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 637.5% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 531 shares of the company’s stock valued at $26,000 after acquiring an additional 459 shares during the period. Sfam LLC purchased a new stake in iShares Bitcoin Trust ETF in the 4th quarter valued at $26,000. Finally, Anchor Investment Management LLC raised its position in iShares Bitcoin Trust ETF by 210.3% in the 3rd quarter. Anchor Investment Management LLC now owns 450 shares of the company’s stock valued at $29,000 after purchasing an additional 305 shares during the last quarter.

iShares Bitcoin Trust ETF Trading Up 1.2%

Shares of NASDAQ:IBIT opened at $36.23 on Friday. iShares Bitcoin Trust ETF has a 1-year low of $32.84 and a 1-year high of $71.82. The firm has a fifty day moving average price of $39.14 and a 200 day moving average price of $42.07.

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.