NewEdge Wealth LLC Buys 50,359 Shares of iShares Bitcoin Trust ETF $IBIT

NewEdge Wealth LLC lifted its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 23.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 267,453 shares of the company’s stock after buying an additional 50,359 shares during the period. NewEdge Wealth LLC’s holdings in iShares Bitcoin Trust ETF were worth $17,384,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. McIlrath & Eck LLC boosted its stake in shares of iShares Bitcoin Trust ETF by 30.3% in the 2nd quarter. McIlrath & Eck LLC now owns 701 shares of the company’s stock valued at $43,000 after purchasing an additional 163 shares in the last quarter. Vivaldi Capital Management LP boosted its position in iShares Bitcoin Trust ETF by 3.3% in the second quarter. Vivaldi Capital Management LP now owns 5,138 shares of the company’s stock valued at $314,000 after buying an additional 163 shares in the last quarter. Howard Capital Management Group LLC grew its stake in iShares Bitcoin Trust ETF by 0.6% during the third quarter. Howard Capital Management Group LLC now owns 25,690 shares of the company’s stock worth $1,670,000 after buying an additional 165 shares during the last quarter. Encompass Wealth Advisors LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 2.2% during the third quarter. Encompass Wealth Advisors LLC now owns 7,660 shares of the company’s stock worth $498,000 after buying an additional 165 shares in the last quarter. Finally, Global Wealth Strategies & Associates increased its holdings in shares of iShares Bitcoin Trust ETF by 8.3% during the third quarter. Global Wealth Strategies & Associates now owns 2,266 shares of the company’s stock worth $147,000 after buying an additional 173 shares in the last quarter.

iShares Bitcoin Trust ETF Price Performance

Shares of IBIT opened at $37.54 on Thursday. iShares Bitcoin Trust ETF has a one year low of $35.30 and a one year high of $71.82. The business’s 50 day simple moving average is $47.83 and its 200-day simple moving average is $56.65.

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.