NewEdge Advisors LLC boosted its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 6.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 477,809 shares of the company’s stock after purchasing an additional 30,805 shares during the period. NewEdge Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $18,357,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC purchased a new position in shares of iShares Bitcoin Trust ETF in the 4th quarter worth $711,000. Bison Wealth LLC purchased a new stake in iShares Bitcoin Trust ETF during the fourth quarter valued at about $3,140,000. Royal Bank of Canada increased 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 worth $2,898,000 after acquiring an additional 2,148 shares during the last quarter. Jones Financial Companies Lllp increased its stake in iShares Bitcoin Trust ETF by 427.2% during the first quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock worth $102,000 after acquiring an additional 1,760 shares during the last quarter. Finally, Sivia Capital Partners LLC purchased a new position in shares of iShares Bitcoin Trust ETF in the 2nd quarter worth about $357,000.
iShares Bitcoin Trust ETF Stock Performance
iShares Bitcoin Trust ETF stock opened at $36.80 on Friday. iShares Bitcoin Trust ETF has a 12 month low of $32.84 and a 12 month high of $71.82. The stock’s 50-day moving average is $36.05 and its 200-day moving average is $39.99.
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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