15,530 Shares in iShares Bitcoin Trust ETF $IBIT Bought by Archer Investment Management LLC

Archer Investment Management LLC purchased a new stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 15,530 shares of the company’s stock, valued at approximately $771,000.

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter valued at approximately $711,000. Bison Wealth LLC purchased a new position in shares of iShares Bitcoin Trust ETF in the fourth quarter valued at $3,140,000. Royal Bank of Canada grew its holdings 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 valued at $2,898,000 after purchasing an additional 2,148 shares in the last quarter. Jones Financial Companies Lllp grew its holdings 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 valued at $102,000 after purchasing an additional 1,760 shares in the last quarter. Finally, Sivia Capital Partners LLC purchased a new stake in iShares Bitcoin Trust ETF during the 2nd quarter worth $357,000.

iShares Bitcoin Trust ETF Trading Down 1.9%

Shares of IBIT stock opened at $39.28 on Wednesday. iShares Bitcoin Trust ETF has a 12 month low of $35.30 and a 12 month high of $71.82. The company’s fifty day moving average price is $42.51 and its two-hundred day moving average price is $52.29.

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.