Banque Pictet & Cie SA acquired a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,000 shares of the company's stock, valued at approximately $530,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IBIT. Truist Financial Corp increased its holdings in shares of iShares Bitcoin Trust by 17.2% in the 2nd quarter. Truist Financial Corp now owns 9,801 shares of the company's stock valued at $335,000 after acquiring an additional 1,436 shares during the period. Creative Planning increased its holdings in shares of iShares Bitcoin Trust by 0.9% in the 3rd quarter. Creative Planning now owns 186,104 shares of the company's stock valued at $6,724,000 after acquiring an additional 1,632 shares during the period. NBC Securities Inc. acquired a new position in shares of iShares Bitcoin Trust in the 3rd quarter valued at $89,000. Trust Co. of Vermont increased its holdings in shares of iShares Bitcoin Trust by 152.9% in the 3rd quarter. Trust Co. of Vermont now owns 1,644 shares of the company's stock valued at $59,000 after acquiring an additional 994 shares during the period. Finally, AlphaMark Advisors LLC acquired a new position in shares of iShares Bitcoin Trust in the 3rd quarter valued at $81,000.
iShares Bitcoin Trust Stock Performance
Shares of iShares Bitcoin Trust stock traded up $1.14 during trading on Wednesday, reaching $54.65. The company's stock had a trading volume of 28,554,060 shares, compared to its average volume of 43,194,945. The company has a 50-day moving average price of $56.26 and a two-hundred day moving average price of $45.65. iShares Bitcoin Trust has a fifty-two week low of $28.23 and a fifty-two week high of $61.75.
iShares Bitcoin Trust Profile
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Free Report)
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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