iShares Bitcoin Trust ETF (NASDAQ:IBIT) Stock Acquired Rep. Sheri Biggs

Representative Sheri Biggs (Republican-South Carolina) recently bought shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT). In a filing disclosed on April 16th, the Representative disclosed that they had bought between $100,001 and $250,000 in iShares Bitcoin Trust ETF stock on March 4th. The trade occurred in the Representative’s “W.S.B TRUST > UBS FINANCIAL SERVICES 26” account.

iShares Bitcoin Trust ETF Trading Down 1.7%

Shares of NASDAQ:IBIT opened at $42.51 on Wednesday. The firm’s fifty day moving average is $39.63 and its 200-day moving average is $48.80. iShares Bitcoin Trust ETF has a 52 week low of $35.30 and a 52 week high of $71.82.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Brighton Jones LLC acquired a new stake in shares of iShares Bitcoin Trust ETF in the fourth quarter valued at about $711,000. Bison Wealth LLC acquired a new position in shares of iShares Bitcoin Trust ETF in the fourth quarter worth approximately $3,140,000. Royal Bank of Canada boosted its holdings in iShares Bitcoin Trust ETF by 3.6% in 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 during the last quarter. Jones Financial Companies Lllp boosted its holdings in iShares Bitcoin Trust ETF by 427.2% in the first 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 acquired a new stake in iShares Bitcoin Trust ETF during the 2nd quarter valued at approximately $357,000.

About Representative Biggs

Sheri Biggs (Republican Party) is a member of the U.S. House, representing South Carolina’s 3rd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

Biggs (Republican Party) ran for election to the U.S. House to represent South Carolina’s 3rd Congressional District. She won in the general election on November 5, 2024.

Sheri Biggs served in the U.S. Air National Guard. She earned a bachelor’s degree from the Carolina College of Biblical Studies and a Doctor of Nursing Practice from Samford University. Her career experience includes working as a nurse practitioner.

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.