iShares Bitcoin Trust ETF $IBIT Shares Purchased by Assetmark Inc.

Assetmark Inc. raised its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 479.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 234,645 shares of the company’s stock after buying an additional 194,184 shares during the quarter. Assetmark Inc.’s holdings in iShares Bitcoin Trust ETF were worth $11,650,000 as of its most recent filing with the Securities and Exchange Commission.

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

iShares Bitcoin Trust ETF Stock Up 0.4%

NASDAQ IBIT opened at $42.73 on Friday. iShares Bitcoin Trust ETF has a 1-year low of $35.30 and a 1-year high of $71.82. The business’s 50-day simple moving average is $39.42 and its 200-day simple moving average is $49.55.

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.