iShares Bitcoin Trust ETF $IBIT Stake Increased by Cranbrook Wealth Management LLC

Cranbrook Wealth Management LLC grew its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 51.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 135,213 shares of the company’s stock after purchasing an additional 46,025 shares during the period. iShares Bitcoin Trust ETF makes up 1.3% of Cranbrook Wealth Management LLC’s portfolio, making the stock its 20th biggest position. Cranbrook Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $6,713,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of IBIT. Laurore Ltd purchased a new stake in shares of iShares Bitcoin Trust ETF in the fourth quarter valued at $436,239,000. 59 North Capital Management LP acquired a new position in iShares Bitcoin Trust ETF in the 3rd quarter valued at approximately $169,100,000. Consolidated Portfolio Review Corp increased its stake in iShares Bitcoin Trust ETF by 27,185.5% in the 4th quarter. Consolidated Portfolio Review Corp now owns 2,142,185 shares of the company’s stock valued at $106,359,000 after buying an additional 2,134,334 shares during the period. Sculptor Capital LP increased its stake in iShares Bitcoin Trust ETF by 59.5% in the 2nd quarter. Sculptor Capital LP now owns 4,487,247 shares of the company’s stock valued at $274,664,000 after buying an additional 1,673,788 shares during the period. Finally, Mariner Investment Group LLC increased its stake in iShares Bitcoin Trust ETF by 142.3% in the 3rd quarter. Mariner Investment Group LLC now owns 2,015,094 shares of the company’s stock valued at $130,981,000 after buying an additional 1,183,414 shares during the period.

iShares Bitcoin Trust ETF Trading Up 5.3%

iShares Bitcoin Trust ETF stock opened at $44.75 on Thursday. The firm’s 50 day moving average price is $39.76 and its two-hundred day moving average price is $48.77. iShares Bitcoin Trust ETF has a twelve month low of $35.30 and a twelve month high of $71.82.

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.