SVB Wealth LLC Buys 11,540 Shares of iShares Bitcoin Trust ETF $IBIT

SVB Wealth LLC lifted its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 116.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 21,410 shares of the company’s stock after purchasing an additional 11,540 shares during the quarter. SVB Wealth LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,063,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Pure Financial Advisors LLC boosted its stake in shares of iShares Bitcoin Trust ETF by 20.9% in the fourth quarter. Pure Financial Advisors LLC now owns 19,892 shares of the company’s stock valued at $988,000 after buying an additional 3,443 shares during the period. Nwam LLC boosted its stake in shares of iShares Bitcoin Trust ETF by 4.4% in the fourth quarter. Nwam LLC now owns 14,475 shares of the company’s stock valued at $719,000 after buying an additional 609 shares during the period. Midwest Trust Co boosted its stake in shares of iShares Bitcoin Trust ETF by 366.7% in the fourth quarter. Midwest Trust Co now owns 15,428 shares of the company’s stock valued at $766,000 after buying an additional 12,122 shares during the period. LRI Investments LLC boosted its stake in shares of iShares Bitcoin Trust ETF by 262.5% in the fourth quarter. LRI Investments LLC now owns 18,125 shares of the company’s stock valued at $900,000 after buying an additional 13,125 shares during the period. Finally, Apeiron RIA LLC boosted its stake in shares of iShares Bitcoin Trust ETF by 59.8% in the fourth quarter. Apeiron RIA LLC now owns 66,445 shares of the company’s stock valued at $3,019,000 after buying an additional 24,875 shares during the period.

iShares Bitcoin Trust ETF Trading Up 2.2%

Shares of IBIT stock opened at $46.47 on Tuesday. The stock has a 50 day simple moving average of $41.22 and a 200 day simple moving average of $47.03. iShares Bitcoin Trust ETF has a 1 year low of $35.30 and a 1 year 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.