Edmond DE Rothschild Holding S.A. purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 103,600 shares of the company’s stock, valued at approximately $4,193,000.
Several other large investors have also recently added to or reduced their stakes in IBIT. Brookstone Capital Management purchased a new stake in shares of iShares Bitcoin Trust in the first quarter worth about $7,017,000. Financial Sense Advisors Inc. purchased a new position in iShares Bitcoin Trust in the 1st quarter worth approximately $1,278,000. Traynor Capital Management Inc. acquired a new stake in iShares Bitcoin Trust in the first quarter valued at approximately $3,666,000. Kingswood Wealth Advisors LLC purchased a new stake in shares of iShares Bitcoin Trust during the first quarter valued at approximately $3,983,000. Finally, Amtrust Financial Services Inc. acquired a new position in shares of iShares Bitcoin Trust during the first quarter worth $1,416,000.
iShares Bitcoin Trust Trading Down 0.9 %
IBIT traded down $0.33 during trading hours on Wednesday, reaching $36.84. 32,509,842 shares of the stock traded hands, compared to its average volume of 31,627,678. The business’s fifty day moving average price is $36.79. iShares Bitcoin Trust has a fifty-two week low of $22.02 and a fifty-two week high of $41.99.
iShares Bitcoin Trust 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.
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