Rep. Brandon Gill Buys iShares Bitcoin Trust ETF (NASDAQ:IBIT) Stock

Representative Brandon Gill (R-Texas) recently bought shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT). In a filing disclosed on November 18th, the Representative disclosed that they had bought between $15,001 and $50,000 in iShares Bitcoin Trust ETF stock on October 29th.

iShares Bitcoin Trust ETF Price Performance

Shares of iShares Bitcoin Trust ETF stock traded down $1.37 on Wednesday, hitting $51.29. The stock had a trading volume of 20,553,056 shares, compared to its average volume of 48,180,215. iShares Bitcoin Trust ETF has a twelve month low of $42.98 and a twelve month high of $71.82. The business’s 50 day moving average is $62.95 and its two-hundred day moving average is $62.76.

Institutional Investors Weigh In On iShares Bitcoin Trust ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Brighton Jones LLC acquired a new stake in iShares Bitcoin Trust ETF in the 4th quarter worth about $711,000. Bison Wealth LLC acquired a new stake in shares of iShares Bitcoin Trust ETF in the fourth quarter valued at approximately $3,140,000. Bank of New York Mellon Corp boosted its stake in shares of iShares Bitcoin Trust ETF by 89.9% in the first quarter. Bank of New York Mellon Corp now owns 48,073 shares of the company’s stock valued at $2,250,000 after buying an additional 22,764 shares during the period. Diversify Advisory Services LLC acquired a new stake in iShares Bitcoin Trust ETF during the first quarter worth approximately $286,000. Finally, Csenge Advisory Group increased its stake in iShares Bitcoin Trust ETF by 11.0% during the 1st quarter. Csenge Advisory Group now owns 17,498 shares of the company’s stock worth $844,000 after acquiring an additional 1,737 shares during the period.

About Representative Gill

Brandon Gill (Republican Party) is a member of the U.S. House, representing Texas’ 26th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Gill (Republican Party) ran for election to the U.S. House to represent Texas’ 26th Congressional District. He won in the general election on November 5, 2024.

Brandon Gill grew up outside of Abilene, Texas. Gill earned undergraduate degrees in economics and history from Dartmouth College. His career experience includes working as an investment banker and as an analyst at a hedge fund before launching his own news outlet and becoming a film producer.

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.