NewEdge Wealth LLC boosted its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 103.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 543,422 shares of the company’s stock after purchasing an additional 275,969 shares during the period. NewEdge Wealth LLC’s holdings in iShares Bitcoin Trust ETF were worth $26,981,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new position in shares of iShares Bitcoin Trust ETF in the 4th quarter worth approximately $711,000. Bison Wealth LLC bought a new position in shares of iShares Bitcoin Trust ETF in the fourth quarter valued at approximately $3,140,000. Royal Bank of Canada increased its position in shares of iShares Bitcoin Trust ETF by 3.6% during the first 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 increased its position in shares of iShares Bitcoin Trust ETF by 427.2% during the first quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock valued at $102,000 after acquiring an additional 1,760 shares during the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in iShares Bitcoin Trust ETF during the second quarter worth $357,000.
iShares Bitcoin Trust ETF Price Performance
IBIT stock opened at $45.41 on Friday. The stock’s fifty day simple moving average is $40.93 and its two-hundred day simple moving average is $47.28. iShares Bitcoin Trust ETF has a 1-year low of $35.30 and a 1-year high of $71.82.
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.
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