AMG National Trust Bank Invests $741,000 in iShares Bitcoin Trust ETF $IBIT

AMG National Trust Bank purchased a new stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 19,275 shares of the company’s stock, valued at approximately $741,000.

Other large investors have also recently added to or reduced their stakes in the company. Laurore Ltd acquired a new stake in iShares Bitcoin Trust ETF during the fourth quarter worth $436,239,000. Mubadala Investment Co PJSC raised its position in iShares Bitcoin Trust ETF by 45.6% in the fourth quarter. Mubadala Investment Co PJSC now owns 12,702,323 shares of the company’s stock valued at $630,670,000 after purchasing an additional 3,975,351 shares during the period. Marshall Wace LLP lifted its stake in shares of iShares Bitcoin Trust ETF by 229.8% in the 4th quarter. Marshall Wace LLP now owns 3,447,749 shares of the company’s stock valued at $171,181,000 after purchasing an additional 2,402,259 shares during the last quarter. Morgan Stanley lifted its stake in shares of iShares Bitcoin Trust ETF by 21.5% in the 4th quarter. Morgan Stanley now owns 13,440,659 shares of the company’s stock valued at $667,329,000 after purchasing an additional 2,374,482 shares during the last quarter. Finally, Consolidated Portfolio Review Corp grew its holdings in shares of iShares Bitcoin Trust ETF by 27,185.5% during the 4th quarter. Consolidated Portfolio Review Corp now owns 2,142,185 shares of the company’s stock worth $106,359,000 after purchasing an additional 2,134,334 shares during the period.

iShares Bitcoin Trust ETF Price Performance

Shares of NASDAQ:IBIT opened at $36.81 on Thursday. The business has a 50-day moving average price of $38.60 and a 200 day moving average price of $41.73. iShares Bitcoin Trust ETF has a 12-month low of $32.84 and a 12-month high of $71.82.

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.