Verde Capital Management boosted its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 20.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 198,103 shares of the company’s stock after buying an additional 34,291 shares during the quarter. iShares Bitcoin Trust ETF accounts for about 2.1% of Verde Capital Management’s holdings, making the stock its 10th largest position. Verde Capital Management’s holdings in iShares Bitcoin Trust ETF were worth $9,836,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of IBIT. Brighton Jones LLC purchased a new position in iShares Bitcoin Trust ETF during the fourth quarter valued at $711,000. Bison Wealth LLC purchased a new position in iShares Bitcoin Trust ETF during the fourth quarter valued at $3,140,000. Royal Bank of Canada raised its holdings in iShares Bitcoin Trust ETF by 3.6% during the first quarter. Royal Bank of Canada now owns 61,926 shares of the company’s stock valued at $2,898,000 after acquiring an additional 2,148 shares during the period. Jones Financial Companies Lllp raised its holdings in iShares Bitcoin Trust ETF by 427.2% during the first quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock valued at $102,000 after acquiring an additional 1,760 shares during the period. Finally, Sivia Capital Partners LLC bought a new stake in iShares Bitcoin Trust ETF during the second quarter valued at about $357,000.
iShares Bitcoin Trust ETF Price Performance
Shares of NASDAQ IBIT opened at $43.53 on Tuesday. The business’s 50 day moving average is $41.79 and its two-hundred day moving average is $46.39. iShares Bitcoin Trust ETF has a 1-year low of $35.30 and a 1-year high of $71.82.
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.
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Want to see what other hedge funds are holding IBIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report).
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