McElhenny Sheffield Capital Management LLC Purchases Shares of 18,269 iShares Bitcoin Trust ETF (NASDAQ:IBIT)

McElhenny Sheffield Capital Management LLC acquired a new position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 1st quarter, HoldingsChannel reports. The fund acquired 18,269 shares of the company’s stock, valued at approximately $855,000. iShares Bitcoin Trust ETF makes up 0.3% of McElhenny Sheffield Capital Management LLC’s investment portfolio, making the stock its 22nd largest position.

Several other large investors also recently made changes to their positions in IBIT. NINE MASTS CAPITAL Ltd boosted its position in iShares Bitcoin Trust ETF by 29.6% during the 4th quarter. NINE MASTS CAPITAL Ltd now owns 1,518,200 shares of the company’s stock worth $80,541,000 after purchasing an additional 346,918 shares during the period. Lake Street Advisors Group LLC lifted its stake in shares of iShares Bitcoin Trust ETF by 71.3% during the fourth quarter. Lake Street Advisors Group LLC now owns 40,791 shares of the company’s stock worth $2,164,000 after purchasing an additional 16,982 shares in the last quarter. Edge Capital Group LLC boosted its position in shares of iShares Bitcoin Trust ETF by 34.3% in the fourth quarter. Edge Capital Group LLC now owns 77,251 shares of the company’s stock worth $4,098,000 after buying an additional 19,745 shares during the period. RWQ Financial Management Services Inc. grew its stake in shares of iShares Bitcoin Trust ETF by 2,069.2% in the fourth quarter. RWQ Financial Management Services Inc. now owns 169,194 shares of the company’s stock valued at $8,976,000 after buying an additional 161,394 shares in the last quarter. Finally, Orvieto Partners L.P. acquired a new stake in shares of iShares Bitcoin Trust ETF in the fourth quarter valued at about $796,000.

iShares Bitcoin Trust ETF Price Performance

iShares Bitcoin Trust ETF stock opened at $61.84 on Thursday. iShares Bitcoin Trust ETF has a one year low of $28.23 and a one year high of $63.70. The stock’s 50 day moving average price is $55.20 and its 200 day moving average price is $54.14.

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.