Gateway Investment Advisers LLC Buys New Position in iShares Bitcoin Trust ETF $IBIT

Gateway Investment Advisers LLC purchased a new position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the third quarter, HoldingsChannel reports. The fund purchased 352,978 shares of the company’s stock, valued at approximately $22,944,000.

Other hedge funds also recently made changes to their positions in the company. StoneX Group Inc. increased its stake in iShares Bitcoin Trust ETF by 41.2% in the 2nd quarter. StoneX Group Inc. now owns 71,076 shares of the company’s stock valued at $4,347,000 after buying an additional 20,755 shares during the last quarter. Finer Wealth Management Inc. boosted its stake in shares of iShares Bitcoin Trust ETF by 136.2% during the 2nd quarter. Finer Wealth Management Inc. now owns 39,668 shares of the company’s stock worth $2,428,000 after buying an additional 22,872 shares during the last quarter. Calamos Wealth Management LLC grew its holdings in shares of iShares Bitcoin Trust ETF by 81.0% in the 3rd quarter. Calamos Wealth Management LLC now owns 49,258 shares of the company’s stock valued at $3,202,000 after acquiring an additional 22,045 shares in the last quarter. Brighton Jones LLC acquired a new stake in shares of iShares Bitcoin Trust ETF in the fourth quarter valued at about $711,000. Finally, Walkner Condon Financial Advisors LLC raised its holdings in iShares Bitcoin Trust ETF by 15.4% during the second quarter. Walkner Condon Financial Advisors LLC now owns 13,644 shares of the company’s stock worth $835,000 after acquiring an additional 1,821 shares in the last quarter.

iShares Bitcoin Trust ETF Price Performance

Shares of NASDAQ IBIT opened at $50.94 on Friday. The stock has a 50 day moving average price of $53.16 and a 200 day moving average price of $60.58. iShares Bitcoin Trust ETF has a 52 week low of $42.98 and a 52 week high of $71.82.

iShares Bitcoin Trust ETF Company 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.