Sofi Wealth LLC Buys 20,574 Shares of iShares Bitcoin Trust ETF $IBIT

Sofi Wealth LLC lifted its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 69.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,060 shares of the company’s stock after purchasing an additional 20,574 shares during the period. Sofi Wealth LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,923,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC bought a new position in iShares Bitcoin Trust ETF in the 4th quarter worth approximately $711,000. Bison Wealth LLC bought a new position in iShares Bitcoin Trust ETF in the 4th quarter valued at $3,140,000. Royal Bank of Canada boosted its position in iShares Bitcoin Trust ETF by 3.6% in the 1st quarter. Royal Bank of Canada now owns 61,926 shares of the company’s stock valued at $2,898,000 after buying an additional 2,148 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of iShares Bitcoin Trust ETF by 427.2% in the 1st quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock valued at $102,000 after buying an additional 1,760 shares during the period. Finally, Sivia Capital Partners LLC acquired a new stake in shares of iShares Bitcoin Trust ETF in the 2nd quarter valued at $357,000.

iShares Bitcoin Trust ETF Stock Down 1.1%

Shares of IBIT opened at $36.39 on Friday. iShares Bitcoin Trust ETF has a 12-month low of $32.84 and a 12-month high of $71.82. The stock’s fifty day simple moving average is $38.42 and its 200-day simple moving average is $41.64.

iShares Bitcoin Trust ETF Company 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.