Sanctuary Advisors LLC raised its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 723.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 88,811 shares of the company's stock after purchasing an additional 78,022 shares during the period. Sanctuary Advisors LLC's holdings in iShares Bitcoin Trust were worth $3,209,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of IBIT. Continuum Advisory LLC increased its position in iShares Bitcoin Trust by 35.5% in the 2nd quarter. Continuum Advisory LLC now owns 3,746 shares of the company's stock worth $128,000 after buying an additional 982 shares during the period. Dakota Wealth Management raised its stake in iShares Bitcoin Trust by 752.0% during the 2nd quarter. Dakota Wealth Management now owns 57,826 shares of the company's stock valued at $1,974,000 after purchasing an additional 51,039 shares during the last quarter. Summit Global Investments raised its stake in iShares Bitcoin Trust by 33.1% during the 2nd quarter. Summit Global Investments now owns 10,859 shares of the company's stock valued at $371,000 after purchasing an additional 2,703 shares during the last quarter. Fifth Third Bancorp boosted its holdings in iShares Bitcoin Trust by 60.8% in the 2nd quarter. Fifth Third Bancorp now owns 5,700 shares of the company's stock valued at $195,000 after purchasing an additional 2,155 shares during the period. Finally, All Stars Investment Ltd acquired a new stake in iShares Bitcoin Trust in the 2nd quarter worth $8,979,000.
iShares Bitcoin Trust Stock Up 0.8 %
Shares of IBIT traded up $0.51 during trading hours on Tuesday, reaching $60.73. 49,146,256 shares of the company traded hands, compared to its average volume of 34,809,836. The stock's fifty day moving average is $47.00 and its 200 day moving average is $39.46. iShares Bitcoin Trust has a 1-year low of $22.02 and a 1-year high of $61.75.
iShares Bitcoin Trust Company Profile
(
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.
Read More
Before you consider iShares Bitcoin Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and iShares Bitcoin Trust wasn't on the list.
While iShares Bitcoin Trust currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
