Ardmore Road Asset Management LP boosted its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 79.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 500,000 shares of the company’s stock after buying an additional 220,781 shares during the period. Ardmore Road Asset Management LP’s holdings in iShares Bitcoin Trust ETF were worth $19,210,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Brighton Jones LLC bought a new stake in shares of iShares Bitcoin Trust ETF in the 4th quarter worth approximately $711,000. Bison Wealth LLC purchased a new position in shares of iShares Bitcoin Trust ETF during the fourth quarter valued at about $3,140,000. Royal Bank of Canada increased its stake 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 valued at $2,898,000 after purchasing an additional 2,148 shares in the last quarter. Jones Financial Companies Lllp grew 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 valued at $102,000 after buying an additional 1,760 shares during the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in iShares Bitcoin Trust ETF in the 2nd quarter worth about $357,000.
iShares Bitcoin Trust ETF Stock Performance
iShares Bitcoin Trust ETF stock opened at $36.35 on Monday. The business has a 50-day simple moving average of $37.37 and a two-hundred day simple moving average of $41.06. iShares Bitcoin Trust ETF has a 52-week low of $32.84 and a 52-week high of $71.82.
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.
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