Edmond DE Rothschild Holding S.A. Buys New Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

Edmond DE Rothschild Holding S.A. purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 103,600 shares of the company’s stock, valued at approximately $4,193,000.

Several other large investors have also recently added to or reduced their stakes in IBIT. Brookstone Capital Management purchased a new stake in shares of iShares Bitcoin Trust in the first quarter worth about $7,017,000. Financial Sense Advisors Inc. purchased a new position in iShares Bitcoin Trust in the 1st quarter worth approximately $1,278,000. Traynor Capital Management Inc. acquired a new stake in iShares Bitcoin Trust in the first quarter valued at approximately $3,666,000. Kingswood Wealth Advisors LLC purchased a new stake in shares of iShares Bitcoin Trust during the first quarter valued at approximately $3,983,000. Finally, Amtrust Financial Services Inc. acquired a new position in shares of iShares Bitcoin Trust during the first quarter worth $1,416,000.

iShares Bitcoin Trust Trading Down 0.9 %

IBIT traded down $0.33 during trading hours on Wednesday, reaching $36.84. 32,509,842 shares of the stock traded hands, compared to its average volume of 31,627,678. The business’s fifty day moving average price is $36.79. iShares Bitcoin Trust has a fifty-two week low of $22.02 and a fifty-two week high of $41.99.

iShares Bitcoin Trust 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.