Brown Brothers Harriman & Co. Buys 712 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Brown Brothers Harriman & Co. boosted its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 55.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,985 shares of the company’s stock after purchasing an additional 712 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in iShares Bitcoin Trust were worth $72,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IBIT. Asset Dedication LLC grew its holdings in iShares Bitcoin Trust by 52.4% in the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after purchasing an additional 279 shares during the last quarter. Bfsg LLC grew its stake in iShares Bitcoin Trust by 34.7% during the 2nd quarter. Bfsg LLC now owns 1,360 shares of the company’s stock worth $46,000 after buying an additional 350 shares during the last quarter. Doliver Advisors LP increased its position in iShares Bitcoin Trust by 4.9% during the 3rd quarter. Doliver Advisors LP now owns 7,558 shares of the company’s stock valued at $273,000 after buying an additional 350 shares in the last quarter. Summit Global Investments raised its stake in iShares Bitcoin Trust by 3.3% in the third quarter. Summit Global Investments now owns 11,214 shares of the company’s stock valued at $405,000 after buying an additional 355 shares during the last quarter. Finally, Cedar Mountain Advisors LLC boosted its holdings in iShares Bitcoin Trust by 39.1% in the second quarter. Cedar Mountain Advisors LLC now owns 1,362 shares of the company’s stock worth $46,000 after acquiring an additional 383 shares in the last quarter.

iShares Bitcoin Trust Trading Up 6.4 %

IBIT stock opened at $55.03 on Friday. iShares Bitcoin Trust has a 52 week low of $22.02 and a 52 week high of $56.86. The firm has a 50 day moving average of $42.07 and a 200 day moving average of $37.94.

iShares Bitcoin Trust 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.