iShares Bitcoin Trust ETF (NASDAQ:IBIT) Position Boosted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 57.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 325,241 shares of the company’s stock after purchasing an additional 118,605 shares during the period. Envestnet Asset Management Inc.’s holdings in iShares Bitcoin Trust ETF were worth $15,225,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Barrett & Company Inc. raised its stake in iShares Bitcoin Trust ETF by 7.3% during the first quarter. Barrett & Company Inc. now owns 2,955 shares of the company’s stock worth $138,000 after acquiring an additional 200 shares during the period. City Holding Co. raised its stake in iShares Bitcoin Trust ETF by 47.1% during the first quarter. City Holding Co. now owns 718 shares of the company’s stock worth $34,000 after acquiring an additional 230 shares during the period. Mosley Wealth Management raised its stake in iShares Bitcoin Trust ETF by 2.5% during the fourth quarter. Mosley Wealth Management now owns 9,341 shares of the company’s stock worth $496,000 after acquiring an additional 231 shares during the period. Physician Wealth Advisors Inc. increased its stake in shares of iShares Bitcoin Trust ETF by 10.6% in the first quarter. Physician Wealth Advisors Inc. now owns 2,601 shares of the company’s stock valued at $122,000 after purchasing an additional 249 shares during the period. Finally, Ballew Advisors Inc increased its stake in shares of iShares Bitcoin Trust ETF by 4.1% in the first quarter. Ballew Advisors Inc now owns 6,641 shares of the company’s stock valued at $317,000 after purchasing an additional 261 shares during the period.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ:IBIT opened at $66.68 on Friday. The firm’s 50 day moving average is $61.44 and its two-hundred day moving average is $55.40. iShares Bitcoin Trust ETF has a 52 week low of $28.23 and a 52 week high of $69.46.

iShares Bitcoin Trust ETF Company Profile

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.