Sanders Morris Harris LLC Acquires New Stake in iShares Bitcoin Trust ETF $IBIT

Sanders Morris Harris LLC acquired a new stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,615 shares of the company’s stock, valued at approximately $553,000.

A number of other hedge funds have also made changes to their positions in the stock. Allied Private Wealth LLC bought a new stake in iShares Bitcoin Trust ETF during the second quarter worth approximately $28,000. Centerpoint Advisors LLC acquired a new stake in iShares Bitcoin Trust ETF in the second quarter worth approximately $34,000. Commonwealth Retirement Investments LLC bought a new position in iShares Bitcoin Trust ETF during the 2nd quarter valued at $35,000. Steigerwald Gordon & Koch Inc. boosted its stake in iShares Bitcoin Trust ETF by 58.3% during the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 950 shares of the company’s stock valued at $36,000 after purchasing an additional 350 shares in the last quarter. Finally, Steph & Co. bought a new position in iShares Bitcoin Trust ETF during the 1st quarter valued at $37,000.

iShares Bitcoin Trust ETF Trading Down 1.9%

Shares of IBIT stock opened at $46.24 on Thursday. iShares Bitcoin Trust ETF has a 1 year low of $32.84 and a 1 year high of $65.97. The business’s fifty day moving average is $43.88 and its 200-day moving average is $40.83.

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.