SVB Wealth LLC Takes Position in iShares Bitcoin Trust (NASDAQ:IBIT)

SVB Wealth LLC acquired a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 31,256 shares of the company’s stock, valued at approximately $1,265,000.

Several other institutional investors also recently bought and sold shares of IBIT. FinTrust Capital Advisors LLC acquired a new stake in iShares Bitcoin Trust in the 1st quarter worth approximately $26,000. Sound Income Strategies LLC acquired a new position in shares of iShares Bitcoin Trust in the 1st quarter valued at about $30,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of iShares Bitcoin Trust in the first quarter worth about $40,000. Bfsg LLC acquired a new stake in iShares Bitcoin Trust during the first quarter worth about $41,000. Finally, Salem Investment Counselors Inc. purchased a new position in iShares Bitcoin Trust during the first quarter valued at approximately $41,000.

iShares Bitcoin Trust Trading Down 1.7 %

NASDAQ:IBIT traded down $0.65 during trading hours on Tuesday, reaching $37.69. The company had a trading volume of 5,113,854 shares, compared to its average volume of 31,351,096. iShares Bitcoin Trust has a 1-year low of $22.02 and a 1-year high of $41.99. The business’s 50 day moving average price is $36.98 and its 200-day moving average price is $34.79.

iShares Bitcoin Trust 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.