iShares Bitcoin Trust ETF $IBIT Shares Bought by Meridian Wealth Management LLC

Meridian Wealth Management LLC increased its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 55.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,694 shares of the company’s stock after acquiring an additional 14,919 shares during the period. Meridian Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,388,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC bought a new stake in iShares Bitcoin Trust ETF during the fourth quarter worth approximately $711,000. Bison Wealth LLC acquired a new stake in iShares Bitcoin Trust ETF in the fourth quarter worth approximately $3,140,000. Royal Bank of Canada boosted its stake in iShares Bitcoin Trust ETF by 3.6% during the 1st quarter. Royal Bank of Canada now owns 61,926 shares of the company’s stock valued at $2,898,000 after purchasing an additional 2,148 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in iShares Bitcoin Trust ETF by 427.2% during the 1st quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock valued at $102,000 after purchasing an additional 1,760 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new position in iShares Bitcoin Trust ETF during the 2nd quarter valued at $357,000.

iShares Bitcoin Trust ETF Trading Down 0.7%

Shares of IBIT stock opened at $35.63 on Friday. iShares Bitcoin Trust ETF has a 1 year low of $32.84 and a 1 year high of $71.82. The business’s fifty day moving average is $35.88 and its 200-day moving average is $39.45.

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.