Wealth Effects LLC Buys Shares of 7,530 iShares Bitcoin Trust (NASDAQ:IBIT)

Wealth Effects LLC purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, Holdings Channel reports. The fund purchased 7,530 shares of the company’s stock, valued at approximately $399,000.

A number of other large investors have also modified their holdings of the company. Envestnet Asset Management Inc. grew its stake in shares of iShares Bitcoin Trust by 42.6% in the second quarter. Envestnet Asset Management Inc. now owns 108,497 shares of the company’s stock worth $3,704,000 after purchasing an additional 32,416 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in iShares Bitcoin Trust in the second quarter worth about $505,000. Thrivent Financial for Lutherans grew its position in iShares Bitcoin Trust by 12.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 15,505 shares of the company’s stock valued at $529,000 after buying an additional 1,748 shares in the last quarter. Bank of Montreal Can increased its stake in iShares Bitcoin Trust by 0.5% during the 2nd quarter. Bank of Montreal Can now owns 134,332 shares of the company’s stock valued at $4,586,000 after buying an additional 723 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of iShares Bitcoin Trust during the 2nd quarter worth about $3,581,000.

iShares Bitcoin Trust Price Performance

Shares of NASDAQ:IBIT opened at $57.85 on Tuesday. iShares Bitcoin Trust has a 12 month low of $23.88 and a 12 month high of $61.75. The stock’s 50 day moving average price is $55.77 and its 200 day moving average price is $43.45.

iShares Bitcoin Trust 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.