Cassaday & Co Wealth Management LLC Acquires 37,680 Shares of iShares Bitcoin Trust ETF $IBIT

Cassaday & Co Wealth Management LLC lifted its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 499.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 45,227 shares of the company’s stock after purchasing an additional 37,680 shares during the period. Cassaday & Co Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,738,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC purchased a new position in iShares Bitcoin Trust ETF during the fourth quarter valued at approximately $711,000. Bison Wealth LLC bought a new position in iShares Bitcoin Trust ETF in the fourth quarter worth approximately $3,140,000. Royal Bank of Canada lifted its holdings in iShares Bitcoin Trust ETF by 3.6% during the first quarter. Royal Bank of Canada now owns 61,926 shares of the company’s stock worth $2,898,000 after buying an additional 2,148 shares during the period. Jones Financial Companies Lllp lifted its holdings in iShares Bitcoin Trust ETF by 427.2% during the first quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock worth $102,000 after buying an additional 1,760 shares during the period. Finally, Sivia Capital Partners LLC bought a new stake in iShares Bitcoin Trust ETF during the second quarter valued at about $357,000.

iShares Bitcoin Trust ETF Stock Performance

NASDAQ:IBIT opened at $36.89 on Tuesday. iShares Bitcoin Trust ETF has a fifty-two week low of $32.84 and a fifty-two week high of $71.82. The company’s 50-day simple moving average is $38.05 and its 200-day simple moving average is $41.45.

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.