Bank of Nova Scotia Makes New $8.24 Million Investment in iShares Bitcoin Trust ETF $IBIT

Bank of Nova Scotia acquired a new stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 214,370 shares of the company’s stock, valued at approximately $8,236,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Marshall & Sterling Wealth Advisors Inc. boosted its holdings in shares of iShares Bitcoin Trust ETF by 12,500.0% in the fourth quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock valued at $25,000 after acquiring an additional 500 shares during the period. Key Capital Management INC acquired a new position in iShares Bitcoin Trust ETF in the fourth quarter valued at $26,000. Vermillion & White Wealth Management Group LLC raised its holdings in shares of iShares Bitcoin Trust ETF by 637.5% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 531 shares of the company’s stock valued at $26,000 after buying an additional 459 shares during the last quarter. Sfam LLC acquired a new stake in shares of iShares Bitcoin Trust ETF in the 4th quarter valued at approximately $26,000. Finally, Semmax Financial Advisors Inc. boosted its position in shares of iShares Bitcoin Trust ETF by 135.9% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock worth $33,000 after purchasing an additional 284 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ IBIT opened at $36.35 on Monday. iShares Bitcoin Trust ETF has a 52 week low of $32.84 and a 52 week high of $71.82. The firm has a 50-day moving average price of $37.37 and a 200 day moving average price of $41.06.

iShares Bitcoin Trust ETF Company 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.