Cassaday & Co Wealth Management LLC grew its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 499.3% in the 1st quarter, Holdings Channel.com reports. The fund owned 45,227 shares of the company’s stock after buying an additional 37,680 shares during the period. Cassaday & Co Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,738,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in iShares Bitcoin Trust ETF during the 4th quarter valued at approximately $711,000. Step Capital Management Pte. Ltd. acquired a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter worth $3,724,000. BIP Wealth LLC lifted its stake in shares of iShares Bitcoin Trust ETF by 220.4% during the fourth quarter. BIP Wealth LLC now owns 27,207 shares of the company’s stock worth $1,351,000 after buying an additional 18,716 shares during the period. Columbus Macro LLC grew its holdings in shares of iShares Bitcoin Trust ETF by 77.0% during the fourth quarter. Columbus Macro LLC now owns 32,830 shares of the company’s stock valued at $1,630,000 after buying an additional 14,284 shares during the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC purchased a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter valued at $714,000.
iShares Bitcoin Trust ETF Price Performance
NASDAQ IBIT opened at $36.89 on Tuesday. The stock’s fifty day moving average price is $38.05 and its 200 day moving average price is $41.45. iShares Bitcoin Trust ETF has a 1 year low of $32.84 and a 1 year high of $71.82.
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.
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Want to see what other hedge funds are holding IBIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report).
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