Wealthfront Advisers LLC Boosts Stock Position in iShares Bitcoin Trust ETF $IBIT

Wealthfront Advisers LLC lifted its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 30.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,460,531 shares of the company’s stock after purchasing an additional 344,030 shares during the quarter. Wealthfront Advisers LLC owned 0.10% of iShares Bitcoin Trust ETF worth $56,114,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in IBIT. Semmax Financial Advisors Inc. grew its position in shares of iShares Bitcoin Trust ETF by 135.9% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock valued at $33,000 after purchasing an additional 284 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. raised its position in shares of iShares Bitcoin Trust ETF by 12,500.0% in the fourth quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock worth $25,000 after buying an additional 500 shares in the last quarter. Sfam LLC purchased a new stake in shares of iShares Bitcoin Trust ETF in the fourth quarter worth $26,000. Key Capital Management INC bought a new stake in iShares Bitcoin Trust ETF during the fourth quarter valued at $26,000. Finally, Vermillion & White Wealth Management Group LLC boosted its stake in iShares Bitcoin Trust ETF by 637.5% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 531 shares of the company’s stock valued at $26,000 after buying an additional 459 shares during the period.

iShares Bitcoin Trust ETF Stock Performance

iShares Bitcoin Trust ETF stock opened at $36.81 on Thursday. The business has a 50-day simple moving average of $38.60 and a 200 day simple moving average of $41.73. iShares Bitcoin Trust ETF has a 52 week low of $32.84 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.