27,512 Shares in iShares Bitcoin Trust ETF $IBIT Bought by Paradiem LLC

Paradiem LLC purchased a new stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the 1st quarter, HoldingsChannel reports. The firm purchased 27,512 shares of the company’s stock, valued at approximately $1,057,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Lifeworks Advisors LLC lifted its position in shares of iShares Bitcoin Trust ETF by 23.0% in the 1st quarter. Lifeworks Advisors LLC now owns 204,612 shares of the company’s stock worth $7,861,000 after purchasing an additional 38,321 shares during the period. CAP Partners LLC increased its position in shares of iShares Bitcoin Trust ETF by 12.1% during the first quarter. CAP Partners LLC now owns 14,274 shares of the company’s stock valued at $548,000 after buying an additional 1,544 shares during the period. Diversify Wealth Management LLC raised its stake in iShares Bitcoin Trust ETF by 505.9% in the first quarter. Diversify Wealth Management LLC now owns 55,006 shares of the company’s stock worth $2,113,000 after buying an additional 45,927 shares in the last quarter. Carnegie Investment Counsel raised its stake in iShares Bitcoin Trust ETF by 50.3% in the first quarter. Carnegie Investment Counsel now owns 27,797 shares of the company’s stock worth $1,068,000 after buying an additional 9,299 shares in the last quarter. Finally, Castle Wealth Management LLC lifted its holdings in iShares Bitcoin Trust ETF by 23.6% in the first quarter. Castle Wealth Management LLC now owns 5,949 shares of the company’s stock worth $229,000 after buying an additional 1,134 shares during the period.

iShares Bitcoin Trust ETF Stock Performance

Shares of IBIT opened at $36.23 on Monday. The company has a 50-day simple moving average of $39.14 and a two-hundred day simple moving average of $42.01. iShares Bitcoin Trust ETF has a one year low of $32.84 and a one year high of $71.82.

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.