Cranbrook Wealth Management LLC Has $6.71 Million Stock Position in iShares Bitcoin Trust ETF $IBIT

Cranbrook Wealth Management LLC lifted its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 51.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 135,213 shares of the company’s stock after buying an additional 46,025 shares during the period. iShares Bitcoin Trust ETF makes up approximately 1.3% of Cranbrook Wealth Management LLC’s portfolio, making the stock its 20th largest position. Cranbrook Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $6,713,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of IBIT. Brighton Jones LLC acquired a new position in shares of iShares Bitcoin Trust ETF during the 4th quarter worth $711,000. Bison Wealth LLC acquired a new stake in iShares Bitcoin Trust ETF in the 4th quarter worth approximately $3,140,000. Royal Bank of Canada lifted its holdings 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 worth $2,898,000 after purchasing an additional 2,148 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in 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 acquired a new stake in iShares Bitcoin Trust ETF in the 2nd quarter worth approximately $357,000.

iShares Bitcoin Trust ETF Stock Performance

IBIT opened at $44.75 on Thursday. The business has a 50 day moving average price of $39.76 and a 200 day moving average price of $48.77. iShares Bitcoin Trust ETF has a twelve month low of $35.30 and a twelve month 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.