J. Safra Sarasin Holding AG Buys 75,914 Shares of iShares Bitcoin Trust ETF $IBIT

J. Safra Sarasin Holding AG boosted its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 52.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 219,429 shares of the company’s stock after acquiring an additional 75,914 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in iShares Bitcoin Trust ETF were worth $8,426,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in IBIT. Brighton Jones LLC bought a new stake in iShares Bitcoin Trust ETF in the fourth quarter valued at approximately $711,000. Bison Wealth LLC bought a new position in shares of iShares Bitcoin Trust ETF in the fourth quarter worth approximately $3,140,000. Royal Bank of Canada increased 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 buying an additional 2,148 shares during the period. Jones Financial Companies Lllp raised its holdings in iShares Bitcoin Trust ETF by 427.2% during 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 last quarter. Finally, Sivia Capital Partners LLC bought a new stake in iShares Bitcoin Trust ETF during the 2nd quarter valued at $357,000.

iShares Bitcoin Trust ETF Price Performance

Shares of iShares Bitcoin Trust ETF stock opened at $35.22 on Tuesday. The company’s fifty day simple moving average is $38.98 and its two-hundred day simple moving average is $41.91. iShares Bitcoin Trust ETF has a 12-month low of $32.84 and a 12-month 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.