Northeast Investment Management Increases Stake in iShares Bitcoin Trust ETF $IBIT

Northeast Investment Management raised its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 267.4% during the 4th quarter, Holdings Channel reports. The firm owned 18,920 shares of the company’s stock after buying an additional 13,770 shares during the quarter. Northeast Investment Management’s holdings in iShares Bitcoin Trust ETF were worth $939,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in IBIT. Caprock Group LLC purchased a new position in iShares Bitcoin Trust ETF during the third quarter worth $1,536,000. Kingstone Capital Partners Texas LLC boosted its holdings in shares of iShares Bitcoin Trust ETF by 50.6% during the third quarter. Kingstone Capital Partners Texas LLC now owns 64,924 shares of the company’s stock worth $4,220,000 after purchasing an additional 21,815 shares during the last quarter. Investment House LLC acquired a new stake in shares of iShares Bitcoin Trust ETF during the third quarter worth $800,000. Brighton Jones LLC acquired a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter worth $711,000. Finally, Copperleaf Capital LLC boosted its holdings in shares of iShares Bitcoin Trust ETF by 16.9% during the third quarter. Copperleaf Capital LLC now owns 536,552 shares of the company’s stock worth $34,876,000 after purchasing an additional 77,414 shares during the last quarter.

iShares Bitcoin Trust ETF Trading Down 1.4%

Shares of iShares Bitcoin Trust ETF stock opened at $45.80 on Wednesday. iShares Bitcoin Trust ETF has a twelve month low of $35.30 and a twelve month high of $71.82. The business’s fifty day moving average price is $41.39 and its 200 day moving average price is $46.92.

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.