Beaumont Financial Advisors LLC Buys Shares of 31,646 iShares Bitcoin Trust ETF $IBIT

Beaumont Financial Advisors LLC purchased a new stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 31,646 shares of the company’s stock, valued at approximately $1,571,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. 59 North Capital Management LP bought a new stake in iShares Bitcoin Trust ETF in the third quarter valued at about $169,100,000. Capula Management Ltd lifted its stake in iShares Bitcoin Trust ETF by 22.5% in the second quarter. Capula Management Ltd now owns 9,481,233 shares of the company’s stock valued at $580,346,000 after buying an additional 1,739,073 shares during the period. Sculptor Capital LP boosted its holdings in iShares Bitcoin Trust ETF by 59.5% during the second quarter. Sculptor Capital LP now owns 4,487,247 shares of the company’s stock worth $274,664,000 after buying an additional 1,673,788 shares during the last quarter. Mariner Investment Group LLC boosted its holdings in iShares Bitcoin Trust ETF by 142.3% during the third quarter. Mariner Investment Group LLC now owns 2,015,094 shares of the company’s stock worth $130,981,000 after buying an additional 1,183,414 shares during the last quarter. Finally, Verde Servicos Internacionais S.A. grew its position in shares of iShares Bitcoin Trust ETF by 167.4% during the 3rd quarter. Verde Servicos Internacionais S.A. now owns 1,813,449 shares of the company’s stock worth $117,874,000 after buying an additional 1,135,290 shares during the period.

iShares Bitcoin Trust ETF Stock Down 1.7%

Shares of IBIT stock opened at $37.97 on Friday. The stock has a 50-day moving average of $40.48 and a 200-day moving average of $51.19. iShares Bitcoin Trust ETF has a one year low of $35.30 and a one year 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.