City State Bank Has $864,000 Stake in iShares Bitcoin Trust ETF $IBIT

City State Bank raised its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 412.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 13,290 shares of the company’s stock after purchasing an additional 10,695 shares during the quarter. City State Bank’s holdings in iShares Bitcoin Trust ETF were worth $864,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Highland Capital Management LLC raised its holdings in iShares Bitcoin Trust ETF by 113.3% in the 3rd quarter. Highland Capital Management LLC now owns 9,600 shares of the company’s stock valued at $624,000 after acquiring an additional 5,100 shares in the last quarter. MBL Wealth LLC grew its holdings in shares of iShares Bitcoin Trust ETF by 384.5% during the 3rd quarter. MBL Wealth LLC now owns 38,040 shares of the company’s stock worth $2,473,000 after purchasing an additional 30,188 shares in the last quarter. Regent Peak Wealth Advisors LLC bought a new stake in shares of iShares Bitcoin Trust ETF during the third quarter valued at approximately $614,000. Silverleafe Capital Partners LLC raised its stake in shares of iShares Bitcoin Trust ETF by 352.3% in the third quarter. Silverleafe Capital Partners LLC now owns 125,552 shares of the company’s stock valued at $8,161,000 after purchasing an additional 97,795 shares in the last quarter. Finally, HBK Sorce Advisory LLC raised its stake in shares of iShares Bitcoin Trust ETF by 16.8% in the third quarter. HBK Sorce Advisory LLC now owns 18,914 shares of the company’s stock valued at $1,195,000 after purchasing an additional 2,726 shares in the last quarter.

iShares Bitcoin Trust ETF Trading Up 0.3%

IBIT opened at $49.61 on Friday. iShares Bitcoin Trust ETF has a fifty-two week low of $42.98 and a fifty-two week high of $71.82. The firm’s fifty day moving average price is $54.44 and its two-hundred day moving average price is $60.97.

iShares Bitcoin Trust ETF 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.