Savvy Advisors Inc. Raises Stock Position in iShares Bitcoin Trust ETF $IBIT

Savvy Advisors Inc. grew its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 838.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 151,658 shares of the company’s stock after purchasing an additional 135,494 shares during the quarter. Savvy Advisors Inc.’s holdings in iShares Bitcoin Trust ETF were worth $9,858,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in IBIT. Capula Management Ltd boosted its position in iShares Bitcoin Trust ETF by 22.5% in the 2nd quarter. Capula Management Ltd now owns 9,481,233 shares of the company’s stock valued at $580,346,000 after buying an additional 1,739,073 shares during the period. Sculptor Capital LP boosted its holdings in iShares Bitcoin Trust ETF by 59.5% in the second quarter. Sculptor Capital LP now owns 4,487,247 shares of the company’s stock valued at $274,664,000 after purchasing an additional 1,673,788 shares during the period. JPMorgan Chase & Co. grew its stake in iShares Bitcoin Trust ETF by 1,119.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,217,056 shares of the company’s stock worth $196,916,000 after purchasing an additional 2,953,342 shares in the last quarter. Mint Tower Capital Management B.V. grew its stake in iShares Bitcoin Trust ETF by 1,131.5% during the 2nd quarter. Mint Tower Capital Management B.V. now owns 2,849,285 shares of the company’s stock worth $174,405,000 after purchasing an additional 2,617,925 shares in the last quarter. Finally, Harvard Management Co. Inc. purchased a new stake in iShares Bitcoin Trust ETF during the 2nd quarter worth about $116,666,000.

iShares Bitcoin Trust ETF Stock Down 1.7%

IBIT stock opened at $38.29 on Thursday. The business’s 50-day moving average is $49.22 and its two-hundred day moving average is $57.63. iShares Bitcoin Trust ETF has a 1 year low of $35.30 and a 1 year high of $71.82.

iShares Bitcoin Trust ETF 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.