Royal Fund Management LLC purchased a new stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 23,468 shares of the company’s stock, valued at approximately $1,165,000.
Several other institutional investors also recently made changes to their positions in the stock. Sachetta LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 793.0% during the 3rd quarter. Sachetta LLC now owns 384 shares of the company’s stock worth $25,000 after buying an additional 341 shares during the last quarter. Chapman Financial Group LLC acquired a new position in iShares Bitcoin Trust ETF in the third quarter valued at $25,000. Anchor Investment Management LLC boosted its holdings in iShares Bitcoin Trust ETF by 210.3% in the third quarter. Anchor Investment Management LLC now owns 450 shares of the company’s stock valued at $29,000 after acquiring an additional 305 shares during the last quarter. Roble Belko & Company Inc grew its position in iShares Bitcoin Trust ETF by 77.2% during the third quarter. Roble Belko & Company Inc now owns 459 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares during the period. Finally, Financial Life Planners purchased a new stake in iShares Bitcoin Trust ETF during the third quarter valued at about $31,000.
iShares Bitcoin Trust ETF Stock Performance
Shares of NASDAQ:IBIT opened at $38.42 on Wednesday. The business has a 50-day moving average of $40.98 and a two-hundred day moving average of $51.38. iShares Bitcoin Trust ETF has a 12 month low of $35.30 and a 12 month 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.
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