Farther Finance Advisors LLC Has $4.64 Million Position in iShares Bitcoin Trust ETF (NASDAQ:IBIT)

Farther Finance Advisors LLC grew its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 85.4% in the first quarter, HoldingsChannel.com reports. The fund owned 96,017 shares of the company’s stock after acquiring an additional 44,241 shares during the quarter. Farther Finance Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $4,638,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vision Financial Markets LLC acquired a new stake in iShares Bitcoin Trust ETF during the 4th quarter worth about $25,000. Beacon Capital Management LLC acquired a new stake in iShares Bitcoin Trust ETF during the 4th quarter worth about $28,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in iShares Bitcoin Trust ETF during the 4th quarter worth about $28,000. Graney & King LLC acquired a new stake in iShares Bitcoin Trust ETF during the 4th quarter worth about $31,000. Finally, IAG Wealth Partners LLC acquired a new stake in iShares Bitcoin Trust ETF during the 4th quarter worth about $32,000.

iShares Bitcoin Trust ETF Trading Up 4.2%

Shares of iShares Bitcoin Trust ETF stock opened at $61.77 on Tuesday. The business has a 50-day moving average price of $54.61 and a two-hundred day moving average price of $54.03. iShares Bitcoin Trust ETF has a 1-year low of $28.23 and a 1-year high of $63.70.

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.