AE Wealth Management LLC Acquires 53,490 Shares of iShares Bitcoin Trust ETF $IBIT

AE Wealth Management LLC increased its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 100.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 106,738 shares of the company’s stock after buying an additional 53,490 shares during the quarter. AE Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $6,938,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC acquired a new stake in iShares Bitcoin Trust ETF during the fourth quarter valued at approximately $711,000. Bison Wealth LLC bought a new position in shares of iShares Bitcoin Trust ETF during the 4th quarter worth approximately $3,140,000. Royal Bank of Canada boosted its stake in iShares Bitcoin Trust ETF by 3.6% in the 1st quarter. Royal Bank of Canada now owns 61,926 shares of the company’s stock valued at $2,898,000 after buying an additional 2,148 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in iShares Bitcoin Trust ETF by 427.2% in the 1st quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock valued at $102,000 after buying an additional 1,760 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in iShares Bitcoin Trust ETF in the second quarter valued at $357,000.

iShares Bitcoin Trust ETF Trading Down 0.2%

iShares Bitcoin Trust ETF stock opened at $47.49 on Friday. The stock has a fifty day moving average price of $50.91 and a two-hundred day moving average price of $59.19. iShares Bitcoin Trust ETF has a 52-week low of $42.98 and a 52-week 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.