SVB Wealth LLC Has $1.06 Million Stock Position in iShares Bitcoin Trust ETF $IBIT

SVB Wealth LLC boosted its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 116.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,410 shares of the company’s stock after buying an additional 11,540 shares during the quarter. SVB Wealth LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,063,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Pure Financial Advisors LLC increased its position in iShares Bitcoin Trust ETF by 20.9% during the fourth quarter. Pure Financial Advisors LLC now owns 19,892 shares of the company’s stock worth $988,000 after buying an additional 3,443 shares during the last quarter. Nwam LLC grew its position in shares of iShares Bitcoin Trust ETF by 4.4% in the fourth quarter. Nwam LLC now owns 14,475 shares of the company’s stock valued at $719,000 after purchasing an additional 609 shares during the last quarter. Midwest Trust Co grew its position in shares of iShares Bitcoin Trust ETF by 366.7% in the fourth quarter. Midwest Trust Co now owns 15,428 shares of the company’s stock valued at $766,000 after purchasing an additional 12,122 shares during the last quarter. LRI Investments LLC grew its position in shares of iShares Bitcoin Trust ETF by 262.5% in the fourth quarter. LRI Investments LLC now owns 18,125 shares of the company’s stock valued at $900,000 after purchasing an additional 13,125 shares during the last quarter. Finally, Apeiron RIA LLC grew its position in shares of iShares Bitcoin Trust ETF by 59.8% in the fourth quarter. Apeiron RIA LLC now owns 66,445 shares of the company’s stock valued at $3,019,000 after purchasing an additional 24,875 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Up 2.2%

iShares Bitcoin Trust ETF stock opened at $46.47 on Tuesday. iShares Bitcoin Trust ETF has a 12 month low of $35.30 and a 12 month high of $71.82. The stock’s 50 day moving average is $41.22 and its 200-day moving average is $47.03.

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.