Broadhurst Jeffrey B Makes New Investment in iShares Bitcoin Trust ETF $IBIT

Broadhurst Jeffrey B bought a new stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,268 shares of the company’s stock, valued at approximately $702,000. iShares Bitcoin Trust ETF makes up approximately 0.7% of Broadhurst Jeffrey B’s investment portfolio, making the stock its 27th largest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC purchased a new stake in iShares Bitcoin Trust ETF in the 4th quarter worth about $711,000. Bison Wealth LLC acquired a new position in shares of iShares Bitcoin Trust ETF in the 4th quarter valued at about $3,140,000. Royal Bank of Canada increased its holdings in shares of iShares Bitcoin Trust ETF by 3.6% in the 1st 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 during the period. Jones Financial Companies Lllp lifted its position in shares of iShares Bitcoin Trust ETF by 427.2% in the first quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock worth $102,000 after purchasing an additional 1,760 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in shares of iShares Bitcoin Trust ETF during the second quarter worth approximately $357,000.

iShares Bitcoin Trust ETF Stock Down 0.8%

Shares of IBIT opened at $36.35 on Friday. The company’s 50 day moving average price is $37.37 and its 200 day moving average price is $41.15. iShares Bitcoin Trust ETF has a 52 week low of $32.84 and a 52 week high of $71.82.

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.