iShares Bitcoin Trust ETF $IBIT Stock Position Lifted by Lifeworks Advisors LLC

Lifeworks Advisors LLC boosted its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 23.0% during the first quarter, HoldingsChannel.com reports. The firm owned 204,612 shares of the company’s stock after acquiring an additional 38,321 shares during the period. iShares Bitcoin Trust ETF makes up about 1.0% of Lifeworks Advisors LLC’s portfolio, making the stock its 25th largest holding. Lifeworks Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $7,861,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC purchased a new position in shares of iShares Bitcoin Trust ETF during the 4th quarter valued at $711,000. Bison Wealth LLC purchased a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter worth $3,140,000. Royal Bank of Canada raised its holdings in shares of 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 worth $2,898,000 after acquiring an additional 2,148 shares in the last quarter. Jones Financial Companies Lllp boosted its position 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 purchasing an additional 1,760 shares during the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in iShares Bitcoin Trust ETF during the second quarter valued at $357,000.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ IBIT opened at $36.23 on Monday. The business’s 50-day moving average price is $39.14 and its two-hundred day moving average price is $42.01. iShares Bitcoin Trust ETF has a one year low of $32.84 and a one 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.