SevenBridge Financial Group LLC Acquires Shares of 16,914 iShares Bitcoin Trust ETF $IBIT

SevenBridge Financial Group LLC acquired a new position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 16,914 shares of the company’s stock, valued at approximately $840,000.

Several other hedge funds also recently made changes to their positions in IBIT. Sachetta LLC raised its holdings in iShares Bitcoin Trust ETF by 793.0% during the third quarter. Sachetta LLC now owns 384 shares of the company’s stock worth $25,000 after purchasing an additional 341 shares in the last quarter. Chapman Financial Group LLC purchased a new stake in iShares Bitcoin Trust ETF in the 3rd quarter valued at approximately $25,000. Key Capital Management INC purchased a new stake in iShares Bitcoin Trust ETF in the 4th quarter valued at approximately $26,000. Anchor Investment Management LLC increased its position in iShares Bitcoin Trust ETF by 210.3% during the 3rd quarter. Anchor Investment Management LLC now owns 450 shares of the company’s stock worth $29,000 after purchasing an additional 305 shares during the period. Finally, Roble Belko & Company Inc increased its position in iShares Bitcoin Trust ETF by 77.2% during the 3rd quarter. Roble Belko & Company Inc now owns 459 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the period.

iShares Bitcoin Trust ETF Price Performance

Shares of IBIT stock opened at $44.47 on Friday. The stock has a 50 day simple moving average of $40.40 and a 200-day simple moving average of $47.85. iShares Bitcoin Trust ETF has a 12-month low of $35.30 and a 12-month high of $71.82.

iShares Bitcoin Trust ETF 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.