Rathbones Group PLC Raises Position in iShares Bitcoin Trust ETF $IBIT

Rathbones Group PLC grew its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 1,250.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 88,399 shares of the company’s stock after purchasing an additional 81,855 shares during the period. Rathbones Group PLC’s holdings in iShares Bitcoin Trust ETF were worth $4,389,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. BlueStem Wealth Partners LLC lifted its holdings in shares of iShares Bitcoin Trust ETF by 33.1% during the 4th quarter. BlueStem Wealth Partners LLC now owns 6,071 shares of the company’s stock valued at $301,000 after purchasing an additional 1,509 shares during the last quarter. Kennedy Investment Group purchased a new stake in shares of iShares Bitcoin Trust ETF during the 4th quarter valued at $1,048,000. IFP Advisors Inc lifted its holdings in shares of iShares Bitcoin Trust ETF by 203.8% during the 4th quarter. IFP Advisors Inc now owns 103,973 shares of the company’s stock valued at $5,162,000 after purchasing an additional 69,746 shares during the last quarter. Brown Wealth Management LLC lifted its holdings in shares of iShares Bitcoin Trust ETF by 4.4% during the 4th quarter. Brown Wealth Management LLC now owns 66,075 shares of the company’s stock valued at $3,281,000 after purchasing an additional 2,773 shares during the last quarter. Finally, Northbridge Financial Group LLC acquired a new position in shares of iShares Bitcoin Trust ETF in the 4th quarter valued at $1,279,000.

iShares Bitcoin Trust ETF Price Performance

NASDAQ IBIT opened at $44.00 on Friday. The stock’s fifty day moving average price is $42.07 and its 200 day moving average price is $46.01. iShares Bitcoin Trust ETF has a 1 year low of $35.30 and a 1 year high of $71.82.

About iShares Bitcoin Trust ETF

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.