Savvy Advisors Inc. Purchases 40,545 Shares of iShares Bitcoin Trust ETF $IBIT

Savvy Advisors Inc. raised its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 26.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 192,203 shares of the company’s stock after acquiring an additional 40,545 shares during the period. Savvy Advisors Inc.’s holdings in iShares Bitcoin Trust ETF were worth $9,543,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of IBIT. 59 North Capital Management LP bought a new stake in shares of iShares Bitcoin Trust ETF during the third quarter valued at approximately $169,100,000. Capula Management Ltd lifted its position 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 worth $580,346,000 after purchasing an additional 1,739,073 shares during the period. Sculptor Capital LP lifted its position in iShares Bitcoin Trust ETF by 59.5% in the second quarter. Sculptor Capital LP now owns 4,487,247 shares of the company’s stock worth $274,664,000 after purchasing an additional 1,673,788 shares during the period. Mariner Investment Group LLC boosted its stake 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 in the last quarter. Finally, Verde Servicos Internacionais S.A. boosted its stake in iShares Bitcoin Trust ETF by 167.4% during the third 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 in the last quarter.

iShares Bitcoin Trust ETF Price Performance

Shares of iShares Bitcoin Trust ETF stock opened at $37.97 on Friday. iShares Bitcoin Trust ETF has a 52-week low of $35.30 and a 52-week high of $71.82. The company’s fifty day moving average price is $40.23 and its two-hundred day moving average price is $50.90.

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.