Banque Pictet & Cie SA Takes $1.17 Million Position in iShares Bitcoin Trust ETF $IBIT

Banque Pictet & Cie SA purchased a new position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 23,600 shares of the company’s stock, valued at approximately $1,172,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IBIT. Chapman Financial Group LLC bought a new stake in iShares Bitcoin Trust ETF in the third quarter valued at $25,000. Sachetta LLC grew its position in shares of iShares Bitcoin Trust ETF by 793.0% during the third quarter. Sachetta LLC now owns 384 shares of the company’s stock worth $25,000 after acquiring an additional 341 shares during the last quarter. Anchor Investment Management LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 210.3% in the 3rd quarter. Anchor Investment Management LLC now owns 450 shares of the company’s stock worth $29,000 after acquiring an additional 305 shares during the period. Roble Belko & Company Inc increased its holdings in shares of iShares Bitcoin Trust ETF by 77.2% in the 3rd quarter. Roble Belko & Company Inc now owns 459 shares of the company’s stock worth $30,000 after acquiring an additional 200 shares during the period. Finally, Financial Life Planners bought a new stake in iShares Bitcoin Trust ETF in the 3rd quarter valued at about $31,000.

iShares Bitcoin Trust ETF Price Performance

iShares Bitcoin Trust ETF stock opened at $37.97 on Friday. iShares Bitcoin Trust ETF has a 52-week low of $35.30 and a 52-week high of $71.82. The firm has a 50-day moving average price of $40.48 and a two-hundred day moving average price of $51.19.

About iShares Bitcoin Trust ETF

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.