NavPoint Financial Inc. increased its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 31.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 71,946 shares of the company’s stock after purchasing an additional 17,218 shares during the period. iShares Bitcoin Trust ETF makes up 1.1% of NavPoint Financial Inc.’s holdings, making the stock its 25th biggest holding. NavPoint Financial Inc.’s holdings in iShares Bitcoin Trust ETF were worth $2,764,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in iShares Bitcoin Trust ETF during the fourth quarter worth about $711,000. Procyon Advisors LLC raised its stake in shares of iShares Bitcoin Trust ETF by 920.1% during the fourth quarter. Procyon Advisors LLC now owns 227,604 shares of the company’s stock valued at $11,301,000 after acquiring an additional 205,292 shares during the last quarter. Step Capital Management Pte. Ltd. bought a new position in iShares Bitcoin Trust ETF during the 4th quarter worth $3,724,000. Columbus Macro LLC lifted its stake in shares of iShares Bitcoin Trust ETF by 77.0% in the fourth quarter. Columbus Macro LLC now owns 32,830 shares of the company’s stock worth $1,630,000 after acquiring an additional 14,284 shares during the period. Finally, BIP Wealth LLC lifted its position in shares of iShares Bitcoin Trust ETF by 220.4% in the 4th quarter. BIP Wealth LLC now owns 27,207 shares of the company’s stock worth $1,351,000 after purchasing an additional 18,716 shares during the period.
iShares Bitcoin Trust ETF Trading Up 2.1%
Shares of iShares Bitcoin Trust ETF stock opened at $34.00 on Thursday. The business has a 50-day moving average price of $40.26 and a two-hundred day moving average price of $42.69. iShares Bitcoin Trust ETF has a 1-year low of $32.84 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.
Featured Articles
- Five stocks we like better than iShares Bitcoin Trust ETF
- AirJoule Unveils Prime System, Clearing Path to Commercialization
- Copper Stocks Are Getting a Bigger Spotlight as Gold’s Rally Cracks
- Nike Q4 Beat Masks Core Weakness as Analysts Cut Price Targets
- Uber’s Waymo Detour Tests the Stock’s Robotaxi Bull Case
Want to see what other hedge funds are holding IBIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report).
Receive News & Ratings for iShares Bitcoin Trust ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Bitcoin Trust ETF and related companies with MarketBeat.com's FREE daily email newsletter.
