Focus Partners Advisor Solutions LLC Has $3.96 Million Stock Holdings in iShares Bitcoin Trust ETF $IBIT

Focus Partners Advisor Solutions LLC increased its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 80.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 63,218 shares of the company’s stock after purchasing an additional 28,270 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in iShares Bitcoin Trust ETF were worth $3,961,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Brighton Jones LLC acquired a new stake in shares of iShares Bitcoin Trust ETF during the 4th quarter worth approximately $711,000. Bison Wealth LLC bought a new position in iShares Bitcoin Trust ETF during the fourth quarter worth $3,140,000. Royal Bank of Canada boosted 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 in the last quarter. Jones Financial Companies Lllp grew 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 worth $102,000 after purchasing an additional 1,760 shares during the period. 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 1.3%

Shares of NASDAQ IBIT opened at $38.70 on Wednesday. The firm’s 50-day moving average price is $45.72 and its 200-day moving average price is $54.76. iShares Bitcoin Trust ETF has a 1-year low of $35.30 and a 1-year high of $71.82.

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.