Verde Capital Management Raises Holdings in iShares Bitcoin Trust ETF $IBIT

Verde Capital Management lifted its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 32.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 262,459 shares of the company’s stock after buying an additional 64,356 shares during the period. iShares Bitcoin Trust ETF comprises about 2.2% of Verde Capital Management’s investment portfolio, making the stock its 9th largest holding. Verde Capital Management’s holdings in iShares Bitcoin Trust ETF were worth $10,084,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of IBIT. Chapman Financial Group LLC bought a new stake in iShares Bitcoin Trust ETF in the 3rd quarter valued at approximately $25,000. Anchor Investment Management LLC increased its stake in iShares Bitcoin Trust ETF by 210.3% in the 3rd quarter. Anchor Investment Management LLC now owns 450 shares of the company’s stock valued at $29,000 after buying an additional 305 shares during the last quarter. Financial Life Planners bought a new stake in iShares Bitcoin Trust ETF during the 3rd quarter worth about $31,000. Semmax Financial Advisors Inc. boosted its stake in shares of iShares Bitcoin Trust ETF by 135.9% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock worth $33,000 after buying an additional 284 shares during the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. boosted its stake in shares of iShares Bitcoin Trust ETF by 12,500.0% during the 4th quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock worth $25,000 after buying an additional 500 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Up 2.5%

NASDAQ:IBIT opened at $36.50 on Tuesday. iShares Bitcoin Trust ETF has a 52-week low of $33.48 and a 52-week high of $71.82. The stock’s 50-day simple moving average is $41.45 and its 200 day simple moving average is $43.59.

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.