CIBC Private Wealth Group LLC Has $7.96 Million Stake in iShares Bitcoin Trust ETF $IBIT

CIBC Private Wealth Group LLC grew its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 13.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 122,385 shares of the company’s stock after purchasing an additional 14,775 shares during the period. CIBC Private Wealth Group LLC’s holdings in iShares Bitcoin Trust ETF were worth $7,955,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the stock. LifeGoal Investments LLC bought a new position in shares of iShares Bitcoin Trust ETF in the third quarter valued at approximately $519,000. CIBC Bancorp USA Inc. bought a new stake in iShares Bitcoin Trust ETF during the third quarter worth $9,756,000. Oarsman Capital Inc. raised its position in iShares Bitcoin Trust ETF by 31.6% in the 3rd quarter. Oarsman Capital Inc. now owns 12,630 shares of the company’s stock valued at $821,000 after buying an additional 3,031 shares during the last quarter. Centaurus Financial Inc. raised its position in iShares Bitcoin Trust ETF by 13.0% in the 3rd quarter. Centaurus Financial Inc. now owns 76,426 shares of the company’s stock valued at $4,968,000 after buying an additional 8,809 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its stake in iShares Bitcoin Trust ETF by 646.4% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 21,510 shares of the company’s stock valued at $1,398,000 after acquiring an additional 18,628 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Down 0.1%

IBIT opened at $39.78 on Friday. The firm’s fifty day moving average price is $43.03 and its two-hundred day moving average price is $52.77. iShares Bitcoin Trust ETF has a 1 year low of $35.30 and a 1 year high of $71.82.

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.