Palladiem LLC bought a new stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 21,092 shares of the company’s stock, valued at approximately $1,048,000. iShares Bitcoin Trust ETF makes up 1.0% of Palladiem LLC’s holdings, making the stock its 18th largest position.
A number of other hedge funds have also recently modified their holdings of IBIT. Brighton Jones LLC bought a new stake in shares of iShares Bitcoin Trust ETF during the 4th quarter valued at $711,000. Bison Wealth LLC purchased a new position in shares of iShares Bitcoin Trust ETF in the 4th quarter worth about $3,140,000. Royal Bank of Canada raised its position in shares of 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 worth $2,898,000 after purchasing an additional 2,148 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of 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 worth $102,000 after purchasing an additional 1,760 shares during the last quarter. Finally, Sivia Capital Partners LLC purchased a new position in shares of iShares Bitcoin Trust ETF in the 2nd quarter worth about $357,000.
iShares Bitcoin Trust ETF Stock Down 5.2%
IBIT opened at $34.14 on Friday. The stock has a 50-day moving average price of $42.04 and a 200-day moving average price of $44.74. iShares Bitcoin Trust ETF has a 1 year low of $33.48 and a 1 year high of $71.82.
iShares Bitcoin Trust ETF Company 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.
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Want to see what other hedge funds are holding IBIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report).
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