Cetera Investment Advisers raised its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 25.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,296,500 shares of the company’s stock after acquiring an additional 262,087 shares during the period. Cetera Investment Advisers’ holdings in iShares Bitcoin Trust ETF were worth $49,812,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC bought a new stake in iShares Bitcoin Trust ETF during the 4th quarter worth approximately $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 raised its position 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 purchasing an additional 2,148 shares during the last quarter. Jones Financial Companies Lllp boosted its stake 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 in the last quarter. Finally, Sivia Capital Partners LLC acquired a new position in iShares Bitcoin Trust ETF in the second quarter worth $357,000.
iShares Bitcoin Trust ETF Stock Performance
Shares of IBIT stock opened at $36.35 on Friday. iShares Bitcoin Trust ETF has a 52 week low of $32.84 and a 52 week high of $71.82. The stock’s fifty day moving average is $37.37 and its 200-day moving average is $41.15.
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.
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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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