US Bancorp DE grew its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 19.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 206,763 shares of the company's stock after purchasing an additional 32,945 shares during the period. US Bancorp DE's holdings in iShares Bitcoin Trust were worth $7,470,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the stock. Sequoia Financial Advisors LLC bought a new stake in iShares Bitcoin Trust during the first quarter worth about $609,000. BNP Paribas Financial Markets bought a new stake in iShares Bitcoin Trust during the first quarter worth about $42,000. FinTrust Capital Advisors LLC bought a new stake in iShares Bitcoin Trust during the first quarter worth about $26,000. Mutual Advisors LLC purchased a new position in iShares Bitcoin Trust in the first quarter worth about $3,343,000. Finally, Proficio Capital Partners LLC purchased a new position in iShares Bitcoin Trust in the first quarter worth about $455,000.
iShares Bitcoin Trust Stock Down 2.8 %
iShares Bitcoin Trust stock traded down $1.12 during trading hours on Monday, hitting $38.25. The stock had a trading volume of 35,841,977 shares, compared to its average volume of 30,940,473. The stock's 50-day moving average price is $35.82 and its 200-day moving average price is $36.07. iShares Bitcoin Trust has a 12-month low of $22.02 and a 12-month high of $41.99.
iShares Bitcoin Trust Company 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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