Virtu Financial LLC Increases Stake in iShares Bitcoin Trust ETF $IBIT

Virtu Financial LLC grew its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 107.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 349,278 shares of the company’s stock after buying an additional 180,823 shares during the quarter. iShares Bitcoin Trust ETF accounts for 0.7% of Virtu Financial LLC’s holdings, making the stock its 8th biggest position. Virtu Financial LLC’s holdings in iShares Bitcoin Trust ETF were worth $17,342,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Brighton Jones LLC bought a new position in iShares Bitcoin Trust ETF during the 4th quarter worth about $711,000. Concentrum Wealth Management raised its stake in shares of iShares Bitcoin Trust ETF by 16.8% in the 3rd quarter. Concentrum Wealth Management now owns 133,870 shares of the company’s stock valued at $8,702,000 after purchasing an additional 19,269 shares during the period. Procyon Advisors LLC raised its stake in shares of iShares Bitcoin Trust ETF by 920.1% in the 4th quarter. Procyon Advisors LLC now owns 227,604 shares of the company’s stock valued at $11,301,000 after purchasing an additional 205,292 shares during the period. Step Capital Management Pte. Ltd. bought a new stake in shares of iShares Bitcoin Trust ETF in the fourth quarter valued at about $3,724,000. Finally, Columbus Macro LLC lifted its holdings in shares of iShares Bitcoin Trust ETF by 77.0% in the fourth quarter. Columbus Macro LLC now owns 32,830 shares of the company’s stock valued at $1,630,000 after purchasing an additional 14,284 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Down 2.0%

IBIT stock opened at $35.62 on Friday. The business has a 50-day moving average of $41.64 and a 200-day moving average of $43.78. iShares Bitcoin Trust ETF has a fifty-two week low of $33.48 and a fifty-two week 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.