Cibc World Market Inc. Buys 17,874 Shares of iShares Bitcoin Trust ETF $IBIT

Cibc World Market Inc. lifted its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 4.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 399,494 shares of the company’s stock after purchasing an additional 17,874 shares during the quarter. Cibc World Market Inc.’s holdings in iShares Bitcoin Trust ETF were worth $19,835,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in IBIT. Brighton Jones LLC bought a new stake in shares of iShares Bitcoin Trust ETF in the 4th quarter worth approximately $711,000. Bison Wealth LLC bought a new position in iShares Bitcoin Trust ETF in the 4th quarter valued at approximately $3,140,000. Royal Bank of Canada lifted its position in 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 acquiring an additional 2,148 shares in the last quarter. Jones Financial Companies Lllp lifted its position in 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 acquiring an additional 1,760 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new position in iShares Bitcoin Trust ETF in the 2nd quarter valued at approximately $357,000.

iShares Bitcoin Trust ETF Stock Down 5.2%

IBIT stock opened at $34.14 on Friday. iShares Bitcoin Trust ETF has a 12-month low of $33.48 and a 12-month high of $71.82. The stock’s 50 day simple moving average is $42.04 and its 200 day simple moving average is $44.74.

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.