Signature Estate & Investment Advisors LLC Raises Stake in iShares Bitcoin Trust ETF $IBIT

Signature Estate & Investment Advisors LLC raised its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 2,324.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 161,478 shares of the company’s stock after buying an additional 154,817 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $8,017,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in IBIT. Brighton Jones LLC purchased a new stake in iShares Bitcoin Trust ETF in the 4th quarter valued at $711,000. Bison Wealth LLC purchased a new stake in shares of iShares Bitcoin Trust ETF in the 4th quarter valued at approximately $3,140,000. Royal Bank of Canada grew its stake in shares of iShares Bitcoin Trust ETF by 3.6% in the 1st quarter. Royal Bank of Canada now owns 61,926 shares of the company’s stock valued at $2,898,000 after buying an additional 2,148 shares during the period. Jones Financial Companies Lllp grew its stake in shares of iShares Bitcoin Trust ETF by 427.2% in the 1st quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock valued at $102,000 after buying an additional 1,760 shares during the period. Finally, Sivia Capital Partners LLC purchased a new stake in shares of iShares Bitcoin Trust ETF in the 2nd quarter valued at approximately $357,000.

iShares Bitcoin Trust ETF Price Performance

iShares Bitcoin Trust ETF stock opened at $44.00 on Friday. The firm has a 50 day simple moving average of $42.07 and a 200-day simple moving average of $46.01. iShares Bitcoin Trust ETF has a 1-year low of $35.30 and a 1-year high of $71.82.

About iShares Bitcoin Trust ETF

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.