CIBC Bancorp USA Inc. Makes New $9.76 Million Investment in iShares Bitcoin Trust ETF $IBIT

CIBC Bancorp USA Inc. bought a new stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 150,095 shares of the company’s stock, valued at approximately $9,756,000.

Several other institutional investors and hedge funds have also modified their holdings of IBIT. Brighton Jones LLC bought a new stake in iShares Bitcoin Trust ETF during the 4th quarter worth approximately $711,000. Bison Wealth LLC acquired a new position in shares of iShares Bitcoin Trust ETF in the fourth quarter valued at approximately $3,140,000. Royal Bank of Canada increased its position in shares of iShares Bitcoin Trust ETF by 3.6% during the first quarter. Royal Bank of Canada now owns 61,926 shares of the company’s stock worth $2,898,000 after acquiring an additional 2,148 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of 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 acquiring an additional 1,760 shares during the period. Finally, Sivia Capital Partners LLC acquired a new stake in shares of iShares Bitcoin Trust ETF during the second quarter worth $357,000.

iShares Bitcoin Trust ETF Stock Down 0.1%

IBIT opened at $39.78 on Friday. iShares Bitcoin Trust ETF has a 12 month low of $35.30 and a 12 month high of $71.82. The firm’s fifty day simple moving average is $43.03 and its 200 day simple moving average is $52.77.

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.