Verde Capital Management Has $9.84 Million Stake in iShares Bitcoin Trust ETF $IBIT

Verde Capital Management boosted its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 20.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 198,103 shares of the company’s stock after buying an additional 34,291 shares during the period. iShares Bitcoin Trust ETF makes up about 2.1% of Verde Capital Management’s investment portfolio, making the stock its 10th largest holding. Verde Capital Management’s holdings in iShares Bitcoin Trust ETF were worth $9,836,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IBIT. VSM Wealth Advisory LLC bought a new stake in shares of iShares Bitcoin Trust ETF in the 4th quarter worth $48,000. Entrust Financial LLC purchased a new position in shares of iShares Bitcoin Trust ETF in the 4th quarter worth $138,000. CMG Global Holdings LLC boosted its stake in shares of iShares Bitcoin Trust ETF by 11.5% in the 4th quarter. CMG Global Holdings LLC now owns 33,215 shares of the company’s stock worth $1,649,000 after buying an additional 3,432 shares during the last quarter. Mission Wealth Management LP boosted its stake in shares of iShares Bitcoin Trust ETF by 37.7% in the 4th quarter. Mission Wealth Management LP now owns 102,934 shares of the company’s stock worth $5,111,000 after buying an additional 28,202 shares during the last quarter. Finally, High Note Wealth LLC boosted its stake in shares of iShares Bitcoin Trust ETF by 2.2% in the 4th quarter. High Note Wealth LLC now owns 73,141 shares of the company’s stock worth $3,631,000 after buying an additional 1,557 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Performance

IBIT stock opened at $43.53 on Tuesday. iShares Bitcoin Trust ETF has a 1 year low of $35.30 and a 1 year high of $71.82. The stock’s fifty day moving average price is $41.79 and its 200-day moving average price is $46.39.

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.