Sovran Advisors LLC Buys 22,489 Shares of iShares Bitcoin Trust ETF $IBIT

Sovran Advisors LLC lifted its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 9.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 253,412 shares of the company’s stock after acquiring an additional 22,489 shares during the period. iShares Bitcoin Trust ETF makes up approximately 1.6% of Sovran Advisors LLC’s investment portfolio, making the stock its 7th largest position. Sovran Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $15,666,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Goldman Sachs Group Inc. lifted its position in iShares Bitcoin Trust ETF by 80.3% during the first quarter. Goldman Sachs Group Inc. now owns 30,831,854 shares of the company’s stock worth $1,443,239,000 after purchasing an additional 13,731,993 shares during the period. Mubadala Investment Co PJSC lifted its holdings in shares of iShares Bitcoin Trust ETF by 6.0% in the first quarter. Mubadala Investment Co PJSC now owns 8,726,972 shares of the company’s stock worth $408,510,000 after acquiring an additional 491,439 shares during the last quarter. Crcm LP lifted its holdings in shares of iShares Bitcoin Trust ETF by 4.7% in the first quarter. Crcm LP now owns 3,154,810 shares of the company’s stock worth $147,677,000 after acquiring an additional 142,685 shares during the last quarter. BSN CAPITAL PARTNERS Ltd bought a new position in shares of iShares Bitcoin Trust ETF in the first quarter worth about $133,168,000. Finally, LPL Financial LLC lifted its holdings in shares of iShares Bitcoin Trust ETF by 70.3% in the first quarter. LPL Financial LLC now owns 1,281,979 shares of the company’s stock worth $60,009,000 after acquiring an additional 529,396 shares during the last quarter.

iShares Bitcoin Trust ETF Price Performance

IBIT stock opened at $65.67 on Thursday. The firm has a 50-day moving average price of $65.51 and a 200-day moving average price of $58.33. iShares Bitcoin Trust ETF has a 12 month low of $33.47 and a 12 month high of $69.89.

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.