Stash Investments LLC Makes New Investment in iShares Bitcoin Trust ETF $IBIT

Stash Investments LLC bought a new position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 13,393 shares of the company’s stock, valued at approximately $634,000. iShares Bitcoin Trust ETF accounts for about 0.2% of Stash Investments LLC’s investment portfolio, making the stock its 15th largest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Walleye Capital LLC boosted its stake in shares of iShares Bitcoin Trust ETF by 332.4% during the first quarter. Walleye Capital LLC now owns 4,317,555 shares of the company’s stock valued at $165,880,000 after purchasing an additional 3,319,115 shares during the period. NEOS Investment Management LLC grew its holdings in shares of iShares Bitcoin Trust ETF by 55.4% in the second quarter. NEOS Investment Management LLC now owns 5,424,563 shares of the company’s stock worth $180,584,000 after purchasing an additional 1,933,888 shares during the last quarter. SigFig Wealth Management LLC bought a new position in shares of iShares Bitcoin Trust ETF in the third quarter worth about $73,942,000. Himension Capital Singapore PTE. LTD. bought a new position in shares of iShares Bitcoin Trust ETF in the first quarter worth about $18,480,000. Finally, Proficio Capital Partners LLC increased its stake in iShares Bitcoin Trust ETF by 390.7% in the 2nd quarter. Proficio Capital Partners LLC now owns 505,612 shares of the company’s stock worth $16,832,000 after buying an additional 402,567 shares during the period.

iShares Bitcoin Trust ETF Stock Up 1.1%

IBIT stock opened at $45.70 on Wednesday. iShares Bitcoin Trust ETF has a 12 month low of $32.84 and a 12 month high of $65.97. The firm’s 50-day moving average is $45.52 and its 200 day moving average is $41.69.

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.