Purpose Unlimited Inc. Invests $2.21 Million in iShares Bitcoin Trust ETF $IBIT

Purpose Unlimited Inc. purchased a new stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 44,625 shares of the company’s stock, valued at approximately $2,215,000.

A number of other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC purchased a new stake in shares of iShares Bitcoin Trust ETF during the 4th quarter worth $711,000. Bison Wealth LLC purchased 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 in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of iShares Bitcoin Trust ETF by 427.2% in the 1st quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock valued at $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 in the second quarter valued at about $357,000.

iShares Bitcoin Trust ETF Price Performance

IBIT stock opened at $35.62 on Friday. iShares Bitcoin Trust ETF has a 52 week low of $33.48 and a 52 week high of $71.82. The company’s 50-day moving average price is $41.54 and its 200 day moving average price is $43.73.

iShares Bitcoin Trust ETF 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.