Main Street Research LLC Acquires New Shares in iShares Bitcoin Trust ETF $IBIT

Main Street Research LLC acquired a new position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 190,842 shares of the company’s stock, valued at approximately $12,405,000.

A number of other hedge funds have also bought and sold shares of IBIT. Brighton Jones LLC bought a new position in iShares Bitcoin Trust ETF during the 4th quarter valued at about $711,000. Bison Wealth LLC bought a new stake in shares of iShares Bitcoin Trust ETF in the fourth quarter worth approximately $3,140,000. Royal Bank of Canada grew its stake in shares of iShares Bitcoin Trust ETF by 3.6% in the first quarter. Royal Bank of Canada now owns 61,926 shares of the company’s stock worth $2,898,000 after acquiring an additional 2,148 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of 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 valued at $102,000 after purchasing an additional 1,760 shares during the last quarter. Finally, Sivia Capital Partners LLC purchased a new position in shares of iShares Bitcoin Trust ETF during the second quarter valued at approximately $357,000.

iShares Bitcoin Trust ETF Stock Performance

Shares of iShares Bitcoin Trust ETF stock opened at $40.37 on Friday. iShares Bitcoin Trust ETF has a twelve month low of $35.30 and a twelve month high of $71.82. The company’s 50 day moving average is $44.15 and its 200 day moving average is $53.53.

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.