Main Street Research LLC boosted its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 9.2% during the 1st quarter, HoldingsChannel reports. The firm owned 196,085 shares of the company’s stock after purchasing an additional 16,545 shares during the period. Main Street Research LLC’s holdings in iShares Bitcoin Trust ETF were worth $7,534,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of IBIT. Brighton Jones LLC purchased a new position in shares of iShares Bitcoin Trust ETF during the fourth quarter worth about $711,000. Bison Wealth LLC purchased a new stake in iShares Bitcoin Trust ETF during the 4th quarter valued at approximately $3,140,000. Royal Bank of Canada lifted its position in iShares Bitcoin Trust ETF by 3.6% during the 1st 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 during the period. Jones Financial Companies Lllp lifted its position in iShares Bitcoin Trust ETF by 427.2% during the 1st quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock worth $102,000 after acquiring an additional 1,760 shares during the period. Finally, Sivia Capital Partners LLC purchased a new position in shares of iShares Bitcoin Trust ETF in the 2nd quarter valued at approximately $357,000.
iShares Bitcoin Trust ETF Price Performance
NASDAQ:IBIT opened at $35.81 on Friday. The stock’s 50 day simple moving average is $39.27 and its 200-day simple moving average is $42.11. iShares Bitcoin Trust ETF has a 12-month low of $32.84 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.
Further Reading
- Five stocks we like better than iShares Bitcoin Trust ETF
- PriceSmart Stock Eyes $220 as Chile Expansion Fuels Growth
- Dollar Tree’s Turnaround Is Starting to Take Root
- Why Levi’s Digital Strategy Is Paying Off in a Big Way
- Constellation Brands: Beer Growth and Buybacks Mask Stock’s Slump
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).
Receive News & Ratings for iShares Bitcoin Trust ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Bitcoin Trust ETF and related companies with MarketBeat.com's FREE daily email newsletter.
