NavPoint Financial Inc. boosted its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 1,010.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,728 shares of the company’s stock after buying an additional 49,801 shares during the quarter. iShares Bitcoin Trust ETF accounts for approximately 1.2% of NavPoint Financial Inc.’s portfolio, making the stock its 24th largest holding. NavPoint Financial Inc.’s holdings in iShares Bitcoin Trust ETF were worth $2,717,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of IBIT. Brighton Jones LLC purchased a new stake in shares of iShares Bitcoin Trust ETF during the 4th quarter worth approximately $711,000. Bison Wealth LLC purchased a new position in iShares Bitcoin Trust ETF in the 4th quarter valued at approximately $3,140,000. Royal Bank of Canada increased its stake in iShares Bitcoin Trust ETF by 3.6% in 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 raised its holdings in iShares Bitcoin Trust ETF by 427.2% during the first quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock worth $102,000 after purchasing an additional 1,760 shares during the last quarter. Finally, Sivia Capital Partners LLC acquired a new position in iShares Bitcoin Trust ETF during the second quarter worth $357,000.
iShares Bitcoin Trust ETF Stock Performance
IBIT opened at $37.97 on Monday. iShares Bitcoin Trust ETF has a one year low of $35.30 and a one year high of $71.82. The business’s fifty day moving average is $40.23 and its two-hundred day moving average is $50.79.
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.
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