2,601,533 Shares in iShares Bitcoin Trust ETF $IBIT Purchased by 59 North Capital Management LP

59 North Capital Management LP acquired a new position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,601,533 shares of the company’s stock, valued at approximately $169,100,000. iShares Bitcoin Trust ETF makes up approximately 5.3% of 59 North Capital Management LP’s investment portfolio, making the stock its 9th biggest position. 59 North Capital Management LP owned 0.18% of iShares Bitcoin Trust ETF at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of IBIT. Chapman Financial Group LLC acquired a new stake in shares of iShares Bitcoin Trust ETF in the third quarter valued at approximately $25,000. Sachetta LLC boosted its stake in shares of iShares Bitcoin Trust ETF by 793.0% in the third quarter. Sachetta LLC now owns 384 shares of the company’s stock valued at $25,000 after buying an additional 341 shares during the period. Roble Belko & Company Inc increased its stake in iShares Bitcoin Trust ETF by 77.2% during 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. Financial Life Planners bought a new position in iShares Bitcoin Trust ETF during the 3rd quarter worth $31,000. Finally, Semmax Financial Advisors Inc. increased its stake in 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 acquiring an additional 284 shares during the period.

iShares Bitcoin Trust ETF Stock Up 1.1%

Shares of NASDAQ IBIT opened at $40.37 on Friday. The business has a fifty day moving average price of $44.15 and a two-hundred day moving average price of $53.46. iShares Bitcoin Trust ETF has a fifty-two week low of $35.30 and a fifty-two week high of $71.82.

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.