Jackson Square Capital LLC Acquires New Shares in iShares Bitcoin Trust ETF $IBIT

Jackson Square Capital LLC bought a new position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 82,516 shares of the company’s stock, valued at approximately $3,906,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IBIT. Apella Capital LLC boosted its stake in shares of iShares Bitcoin Trust ETF by 1.4% in the third quarter. Apella Capital LLC now owns 16,876 shares of the company’s stock valued at $797,000 after purchasing an additional 241 shares during the period. TD Waterhouse Canada Inc. increased its stake in iShares Bitcoin Trust ETF by 3.6% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 7,015 shares of the company’s stock worth $238,000 after buying an additional 243 shares during the period. Retirement Planning Group LLC increased its stake in iShares Bitcoin Trust ETF by 2.0% during the 1st quarter. Retirement Planning Group LLC now owns 12,783 shares of the company’s stock worth $491,000 after buying an additional 245 shares during the period. Forum Financial Management LP increased its stake in iShares Bitcoin Trust ETF by 1.8% during the 1st quarter. Forum Financial Management LP now owns 15,698 shares of the company’s stock worth $603,000 after buying an additional 279 shares during the period. Finally, Pennsylvania Capital Management Inc. ADV lifted its holdings in iShares Bitcoin Trust ETF by 4.1% during the 1st quarter. Pennsylvania Capital Management Inc. ADV now owns 7,569 shares of the company’s stock worth $291,000 after buying an additional 299 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Performance

IBIT stock traded up $0.17 during midday trading on Monday, hitting $46.32. The company’s stock had a trading volume of 16,576,108 shares, compared to its average volume of 51,855,105. iShares Bitcoin Trust ETF has a 52-week low of $32.84 and a 52-week high of $65.97. The firm has a 50-day simple moving average of $44.27 and a 200-day simple moving average of $40.96.

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.