Vanguard Capital Wealth Advisors Acquires Shares of 17,575 iShares Bitcoin Trust ETF (NASDAQ:IBIT)

Vanguard Capital Wealth Advisors acquired a new stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the first quarter, HoldingsChannel.com reports. The firm acquired 17,575 shares of the company’s stock, valued at approximately $823,000. iShares Bitcoin Trust ETF comprises 1.0% of Vanguard Capital Wealth Advisors’ portfolio, making the stock its 22nd largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Epiq Partners LLC increased its stake in shares of iShares Bitcoin Trust ETF by 2.1% in the first quarter. Epiq Partners LLC now owns 104,305 shares of the company’s stock valued at $4,883,000 after buying an additional 2,100 shares in the last quarter. Sara Bay Financial increased its stake in shares of iShares Bitcoin Trust ETF by 3,080.8% in the first quarter. Sara Bay Financial now owns 198,002 shares of the company’s stock valued at $9,417,000 after buying an additional 191,777 shares in the last quarter. City State Bank increased its stake in shares of iShares Bitcoin Trust ETF by 1,486.6% in the first quarter. City State Bank now owns 5,315 shares of the company’s stock valued at $249,000 after buying an additional 4,980 shares in the last quarter. Udine Wealth Management Inc. increased its stake in shares of iShares Bitcoin Trust ETF by 4.4% in the first quarter. Udine Wealth Management Inc. now owns 57,630 shares of the company’s stock valued at $2,698,000 after buying an additional 2,414 shares in the last quarter. Finally, Sard Wealth Management Group LLC acquired a new stake in shares of iShares Bitcoin Trust ETF in the first quarter valued at $277,000.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ:IBIT opened at $59.26 on Friday. iShares Bitcoin Trust ETF has a twelve month low of $28.23 and a twelve month high of $63.70. The business has a fifty day moving average of $54.36 and a 200-day moving average of $54.00.

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.