US Bancorp DE Has $34.27 Million Holdings in iShares Bitcoin Trust ETF $IBIT

US Bancorp DE lifted its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 79.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 690,208 shares of the company’s stock after buying an additional 306,107 shares during the quarter. US Bancorp DE’s holdings in iShares Bitcoin Trust ETF were worth $34,269,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. McIlrath & Eck LLC raised its holdings in shares of iShares Bitcoin Trust ETF by 30.3% in the 2nd quarter. McIlrath & Eck LLC now owns 701 shares of the company’s stock worth $43,000 after buying an additional 163 shares in the last quarter. Vivaldi Capital Management LP grew its position in iShares Bitcoin Trust ETF by 3.3% during the 2nd quarter. Vivaldi Capital Management LP now owns 5,138 shares of the company’s stock worth $314,000 after acquiring an additional 163 shares during the last quarter. Encompass Wealth Advisors LLC grew its position in iShares Bitcoin Trust ETF by 2.2% during the 3rd quarter. Encompass Wealth Advisors LLC now owns 7,660 shares of the company’s stock worth $498,000 after acquiring an additional 165 shares during the last quarter. Thoroughbred Financial Services LLC grew its position in iShares Bitcoin Trust ETF by 3.3% during the 3rd quarter. Thoroughbred Financial Services LLC now owns 5,323 shares of the company’s stock worth $345,000 after acquiring an additional 172 shares during the last quarter. Finally, FSB Premier Wealth Management Inc. grew its position in iShares Bitcoin Trust ETF by 2.4% during the 3rd quarter. FSB Premier Wealth Management Inc. now owns 7,244 shares of the company’s stock worth $471,000 after acquiring an additional 173 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Performance

NASDAQ IBIT opened at $44.47 on Friday. iShares Bitcoin Trust ETF has a one year low of $35.30 and a one year high of $71.82. The stock’s 50 day simple moving average is $40.40 and its 200 day simple moving average is $47.85.

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.