214,370 Shares in iShares Bitcoin Trust ETF $IBIT Bought by Bank of Nova Scotia

Bank of Nova Scotia purchased a new position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 214,370 shares of the company’s stock, valued at approximately $8,236,000.

A number of other large investors have also modified their holdings of the company. Brighton Jones LLC acquired a new stake in shares of iShares Bitcoin Trust ETF in the 4th quarter worth approximately $711,000. Bison Wealth LLC bought a new stake in iShares Bitcoin Trust ETF in the fourth quarter worth about $3,140,000. Royal Bank of Canada lifted its holdings in iShares Bitcoin Trust ETF by 3.6% in the 1st quarter. Royal Bank of Canada now owns 61,926 shares of the company’s stock valued at $2,898,000 after acquiring an additional 2,148 shares during the last quarter. Jones Financial Companies Lllp boosted its position 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 valued at $102,000 after purchasing an additional 1,760 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in shares of iShares Bitcoin Trust ETF during the 2nd quarter worth $357,000.

iShares Bitcoin Trust ETF Price Performance

NASDAQ IBIT opened at $36.35 on Monday. iShares Bitcoin Trust ETF has a 1-year low of $32.84 and a 1-year high of $71.82. The firm’s fifty day simple moving average is $37.37 and its 200-day simple moving average is $41.06.

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.