J. Safra Sarasin Holding AG Raises Stake in iShares Bitcoin Trust ETF $IBIT

J. Safra Sarasin Holding AG boosted its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 33.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 143,515 shares of the company’s stock after acquiring an additional 35,677 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in iShares Bitcoin Trust ETF were worth $7,127,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in IBIT. McIlrath & Eck LLC boosted its position in shares of iShares Bitcoin Trust ETF by 30.3% in the 2nd quarter. McIlrath & Eck LLC now owns 701 shares of the company’s stock worth $43,000 after purchasing an additional 163 shares in the last quarter. Vivaldi Capital Management LP increased its position in iShares Bitcoin Trust ETF by 3.3% during the 2nd quarter. Vivaldi Capital Management LP now owns 5,138 shares of the company’s stock valued at $314,000 after buying an additional 163 shares in the last quarter. Howard Capital Management Group LLC raised its stake in iShares Bitcoin Trust ETF by 0.6% during the third quarter. Howard Capital Management Group LLC now owns 25,690 shares of the company’s stock valued at $1,670,000 after buying an additional 165 shares during the last quarter. Encompass Wealth Advisors LLC raised its stake in iShares Bitcoin Trust ETF by 2.2% during the third quarter. Encompass Wealth Advisors LLC now owns 7,660 shares of the company’s stock valued at $498,000 after buying an additional 165 shares during the last quarter. Finally, Thoroughbred Financial Services LLC boosted its holdings in iShares Bitcoin Trust ETF by 3.3% in the third quarter. Thoroughbred Financial Services LLC now owns 5,323 shares of the company’s stock worth $345,000 after acquiring an additional 172 shares in the last quarter.

iShares Bitcoin Trust ETF Price Performance

NASDAQ IBIT opened at $38.42 on Wednesday. iShares Bitcoin Trust ETF has a 12 month low of $35.30 and a 12 month high of $71.82. The stock’s fifty day moving average price is $40.98 and its 200-day moving average price is $51.38.

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.