Wealthfront Advisers LLC Has $58.61 Million Stock Holdings in iShares Bitcoin Trust ETF $IBIT

Wealthfront Advisers LLC boosted its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 20.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,760,650 shares of the company’s stock after acquiring an additional 300,119 shares during the quarter. Wealthfront Advisers LLC’s holdings in iShares Bitcoin Trust ETF were worth $58,612,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. McIlrath & Eck LLC grew its stake in iShares Bitcoin Trust ETF by 30.3% in the second quarter. McIlrath & Eck LLC now owns 701 shares of the company’s stock valued at $43,000 after acquiring an additional 163 shares during the period. Vivaldi Capital Management LP raised its position in shares of iShares Bitcoin Trust ETF by 3.3% during the second quarter. Vivaldi Capital Management LP now owns 5,138 shares of the company’s stock worth $314,000 after purchasing an additional 163 shares during the period. ST Germain D J Co. Inc. raised its position in shares of iShares Bitcoin Trust ETF by 2.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 8,059 shares of the company’s stock worth $400,000 after purchasing an additional 220 shares during the period. Channel Wealth LLC lifted its holdings in shares of iShares Bitcoin Trust ETF by 5.7% in the 4th quarter. Channel Wealth LLC now owns 4,293 shares of the company’s stock worth $213,000 after purchasing an additional 233 shares in the last quarter. Finally, Retirement Planning Group LLC lifted its holdings in shares of iShares Bitcoin Trust ETF by 2.0% in the 1st quarter. Retirement Planning Group LLC now owns 12,783 shares of the company’s stock worth $491,000 after purchasing an additional 245 shares in the last quarter.

iShares Bitcoin Trust ETF Price Performance

NASDAQ IBIT opened at $36.60 on Wednesday. The company has a fifty day simple moving average of $35.92 and a 200 day simple moving average of $39.18. iShares Bitcoin Trust ETF has a 12-month low of $32.84 and a 12-month high of $71.82.

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.