Citizens Financial Group Inc. RI Takes Position in iShares Bitcoin Trust ETF $IBIT

Citizens Financial Group Inc. RI acquired a new position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 35,786 shares of the company’s stock, valued at approximately $2,326,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IBIT. Brighton Jones LLC purchased a new position in iShares Bitcoin Trust ETF in the fourth quarter worth $711,000. Bison Wealth LLC acquired a new stake in shares of iShares Bitcoin Trust ETF in the 4th quarter worth $3,140,000. Royal Bank of Canada grew its stake in iShares Bitcoin Trust ETF by 3.6% during the 1st quarter. Royal Bank of Canada now owns 61,926 shares of the company’s stock worth $2,898,000 after buying an additional 2,148 shares during the last quarter. Jones Financial Companies Lllp grew its stake in iShares Bitcoin Trust ETF by 427.2% during the 1st quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock worth $102,000 after buying an additional 1,760 shares during the last quarter. Finally, Focus Partners Wealth increased its position in iShares Bitcoin Trust ETF by 17.6% during the 1st quarter. Focus Partners Wealth now owns 75,095 shares of the company’s stock valued at $3,515,000 after buying an additional 11,257 shares in the last quarter.

iShares Bitcoin Trust ETF Trading Up 3.3%

iShares Bitcoin Trust ETF stock opened at $53.57 on Wednesday. The stock has a 50-day moving average of $51.82 and a two-hundred day moving average of $60.21. iShares Bitcoin Trust ETF has a one year low of $42.98 and a one year high of $71.82.

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.