Private Advisor Group LLC lessened its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 83.9% during the 1st quarter, Holdings Channel reports. The firm owned 241,543 shares of the company’s stock after selling 1,260,335 shares during the period. Private Advisor Group LLC’s holdings in iShares Bitcoin Trust ETF were worth $9,280,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter valued at approximately $711,000. Bison Wealth LLC purchased a new position in iShares Bitcoin Trust ETF during the fourth quarter valued at $3,140,000. Royal Bank of Canada grew its stake in iShares Bitcoin Trust ETF by 3.6% during the first quarter. Royal Bank of Canada now owns 61,926 shares of the company’s stock valued at $2,898,000 after acquiring an additional 2,148 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in iShares Bitcoin Trust ETF by 427.2% in the 1st quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock valued at $102,000 after acquiring an additional 1,760 shares during the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in iShares Bitcoin Trust ETF in the 2nd quarter valued at $357,000.
iShares Bitcoin Trust ETF Stock Performance
Shares of IBIT stock opened at $34.87 on Monday. iShares Bitcoin Trust ETF has a 52 week low of $32.84 and a 52 week high of $71.82. The company’s fifty day simple moving average is $39.91 and its two-hundred day simple moving average is $42.48.
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.
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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).
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