J. Safra Sarasin Holding AG Purchases 75,914 Shares of iShares Bitcoin Trust ETF $IBIT

J. Safra Sarasin Holding AG lifted its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 52.9% during the 1st quarter, HoldingsChannel reports. The firm owned 219,429 shares of the company’s stock after acquiring an additional 75,914 shares during the period. J. Safra Sarasin Holding AG’s holdings in iShares Bitcoin Trust ETF were worth $8,426,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. McIlrath & Eck LLC raised its holdings in iShares Bitcoin Trust ETF by 30.3% in the second quarter. McIlrath & Eck LLC now owns 701 shares of the company’s stock worth $43,000 after purchasing an additional 163 shares in the last quarter. Vivaldi Capital Management LP grew its stake in shares of iShares Bitcoin Trust ETF by 3.3% in the 2nd quarter. Vivaldi Capital Management LP now owns 5,138 shares of the company’s stock worth $314,000 after buying an additional 163 shares during the last quarter. Gilbert & Cook Inc. grew its stake in shares of iShares Bitcoin Trust ETF by 2.5% in the 4th quarter. Gilbert & Cook Inc. now owns 7,931 shares of the company’s stock worth $394,000 after buying an additional 196 shares during the last quarter. McLean Asset Management Corp raised its stake in iShares Bitcoin Trust ETF by 4.2% during the fourth quarter. McLean Asset Management Corp now owns 5,012 shares of the company’s stock valued at $249,000 after buying an additional 200 shares during the last quarter. Finally, GoalVest Advisory LLC boosted its holdings in iShares Bitcoin Trust ETF by 21.8% in the fourth quarter. GoalVest Advisory LLC now owns 1,146 shares of the company’s stock worth $57,000 after acquiring an additional 205 shares in the last quarter.

iShares Bitcoin Trust ETF Price Performance

NASDAQ IBIT opened at $35.22 on Tuesday. iShares Bitcoin Trust ETF has a 12 month low of $32.84 and a 12 month high of $71.82. The stock’s fifty day moving average price is $38.98 and its 200-day moving average price is $41.91.

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.