Royal Bank of Canada Sells 19,193 Shares of iShares Bitcoin Trust ETF $IBIT

Royal Bank of Canada lowered its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 29.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,336 shares of the company’s stock after selling 19,193 shares during the period. Royal Bank of Canada’s holdings in iShares Bitcoin Trust ETF were worth $1,779,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of IBIT. Marshall & Sterling Wealth Advisors Inc. grew its stake in shares of iShares Bitcoin Trust ETF by 12,500.0% in the fourth quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock worth $25,000 after purchasing an additional 500 shares during the last quarter. Vermillion & White Wealth Management Group LLC increased its position in shares of iShares Bitcoin Trust ETF by 637.5% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 531 shares of the company’s stock valued at $26,000 after buying an additional 459 shares during the period. Sfam LLC bought a new position in iShares Bitcoin Trust ETF in the fourth quarter worth about $26,000. Semmax Financial Advisors Inc. lifted its holdings in iShares Bitcoin Trust ETF by 135.9% in the second quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock worth $33,000 after buying an additional 284 shares during the period. Finally, Birchwood Financial Partners Inc. bought a new stake in iShares Bitcoin Trust ETF during the 4th quarter valued at approximately $33,000.

iShares Bitcoin Trust ETF Price Performance

Shares of NASDAQ:IBIT opened at $36.60 on Wednesday. iShares Bitcoin Trust ETF has a 52-week low of $32.84 and a 52-week high of $71.82. The stock has a 50 day moving average price of $35.92 and a 200-day moving average price of $39.18.

iShares Bitcoin Trust ETF 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.