NewEdge Wealth LLC Has $17.38 Million Holdings in iShares Bitcoin Trust ETF $IBIT

NewEdge Wealth LLC raised its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 23.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 267,453 shares of the company’s stock after purchasing an additional 50,359 shares during the period. NewEdge Wealth LLC’s holdings in iShares Bitcoin Trust ETF were worth $17,384,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of IBIT. Sachetta LLC grew its position in iShares Bitcoin Trust ETF by 793.0% during the third quarter. Sachetta LLC now owns 384 shares of the company’s stock worth $25,000 after buying an additional 341 shares in the last quarter. Roble Belko & Company Inc lifted its position in shares of iShares Bitcoin Trust ETF by 77.2% in the 3rd quarter. Roble Belko & Company Inc now owns 459 shares of the company’s stock worth $30,000 after acquiring an additional 200 shares during the period. Semmax Financial Advisors Inc. grew its holdings in shares of iShares Bitcoin Trust ETF by 135.9% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock worth $33,000 after purchasing an additional 284 shares in the last quarter. Highline Wealth Partners LLC increased its position in shares of iShares Bitcoin Trust ETF by 150.0% during the third quarter. Highline Wealth Partners LLC now owns 500 shares of the company’s stock valued at $32,000 after purchasing an additional 300 shares during the period. Finally, WFA of San Diego LLC bought a new stake in shares of iShares Bitcoin Trust ETF during the second quarter valued at approximately $34,000.

iShares Bitcoin Trust ETF Stock Down 2.2%

Shares of IBIT stock opened at $37.54 on Thursday. iShares Bitcoin Trust ETF has a one year low of $35.30 and a one year high of $71.82. The stock has a fifty day moving average price of $47.83 and a 200 day moving average price of $56.65.

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.