SVB Wealth LLC Takes $2.57 Million Position in iShares Bitcoin Trust (NASDAQ:IBIT)

SVB Wealth LLC acquired a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 48,519 shares of the company’s stock, valued at approximately $2,574,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC increased its stake in shares of iShares Bitcoin Trust by 6,401.8% in the fourth quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company’s stock worth $246,430,000 after purchasing an additional 4,573,794 shares in the last quarter. Clear Street Derivatives LLC purchased a new position in shares of iShares Bitcoin Trust during the 3rd quarter valued at $23,686,000. CloudAlpha Capital Management Limited Hong Kong bought a new position in iShares Bitcoin Trust in the 3rd quarter worth $19,149,000. LMR Partners LLP raised its holdings in iShares Bitcoin Trust by 350.0% during the third quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock valued at $22,762,000 after acquiring an additional 490,000 shares during the period. Finally, Verde Servicos Internacionais S.A. lifted its position in shares of iShares Bitcoin Trust by 3,525.8% in the fourth quarter. Verde Servicos Internacionais S.A. now owns 435,100 shares of the company’s stock valued at $23,082,000 after acquiring an additional 423,100 shares in the last quarter.

iShares Bitcoin Trust Stock Up 1.2 %

NASDAQ IBIT opened at $47.90 on Friday. iShares Bitcoin Trust has a twelve month low of $28.23 and a twelve month high of $61.75. The business has a 50-day moving average price of $55.25 and a 200-day moving average price of $46.72.

iShares Bitcoin Trust 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.