Wesbanco Bank Inc. Purchases 341 Shares of iShares Bitcoin Trust ETF $IBIT

Wesbanco Bank Inc. raised its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 0.3% during the second quarter, Holdings Channel reports. The institutional investor owned 104,796 shares of the company’s stock after buying an additional 341 shares during the quarter. Wesbanco Bank Inc.’s holdings in iShares Bitcoin Trust ETF were worth $6,415,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of IBIT. Goldman Sachs Group Inc. boosted its position in iShares Bitcoin Trust ETF by 80.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 30,831,854 shares of the company’s stock valued at $1,443,239,000 after buying an additional 13,731,993 shares during the last quarter. BSN CAPITAL PARTNERS Ltd bought a new position in iShares Bitcoin Trust ETF in the 1st quarter valued at $133,168,000. Senator Investment Group LP bought a new position in iShares Bitcoin Trust ETF in the 1st quarter valued at $59,215,000. Allen Operations LLC bought a new position in iShares Bitcoin Trust ETF in the 1st quarter valued at $31,372,000. Finally, New Vernon Capital Holdings II LLC bought a new position in iShares Bitcoin Trust ETF in the 1st quarter valued at $25,004,000.

iShares Bitcoin Trust ETF Trading Up 2.1%

Shares of IBIT opened at $66.38 on Friday. The business’s fifty day moving average price is $65.30 and its two-hundred day moving average price is $58.02. iShares Bitcoin Trust ETF has a 52 week low of $32.69 and a 52 week high of $69.89.

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.