Trustees of Dartmouth College Invests $10.01 Million in iShares Bitcoin Trust ETF $IBIT

Trustees of Dartmouth College bought a new stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 201,531 shares of the company’s stock, valued at approximately $10,006,000. iShares Bitcoin Trust ETF makes up approximately 2.5% of Trustees of Dartmouth College’s portfolio, making the stock its 6th largest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC purchased a new position in iShares Bitcoin Trust ETF in the fourth quarter worth $711,000. Bison Wealth LLC bought a new position in iShares Bitcoin Trust ETF in the 4th quarter valued at $3,140,000. Royal Bank of Canada increased its position in shares of iShares Bitcoin Trust ETF by 3.6% during the 1st quarter. Royal Bank of Canada now owns 61,926 shares of the company’s stock valued at $2,898,000 after purchasing an additional 2,148 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of iShares Bitcoin Trust ETF by 427.2% during the 1st quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock valued at $102,000 after purchasing an additional 1,760 shares during the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in shares of iShares Bitcoin Trust ETF during the 2nd quarter worth $357,000.

iShares Bitcoin Trust ETF Price Performance

Shares of NASDAQ:IBIT opened at $37.40 on Monday. The company’s 50-day moving average is $41.56 and its 200 day moving average is $51.77. iShares Bitcoin Trust ETF has a fifty-two week low of $35.30 and a fifty-two 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.