14,192 Shares in iShares Bitcoin Trust (NASDAQ:IBIT) Acquired by J.Safra Asset Management Corp

J.Safra Asset Management Corp bought a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 14,192 shares of the company’s stock, valued at approximately $760,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cypress Capital Group acquired a new position in iShares Bitcoin Trust in the 4th quarter valued at about $290,000. Keybank National Association OH grew its holdings in shares of iShares Bitcoin Trust by 68.4% in the fourth quarter. Keybank National Association OH now owns 19,383 shares of the company’s stock valued at $1,028,000 after purchasing an additional 7,870 shares in the last quarter. Mainstream Capital Management LLC acquired a new position in shares of iShares Bitcoin Trust in the fourth quarter valued at approximately $233,000. GR Financial Group LLC purchased a new stake in iShares Bitcoin Trust during the 4th quarter worth approximately $331,000. Finally, Planning Alternatives Ltd. ADV acquired a new stake in iShares Bitcoin Trust during the 4th quarter worth approximately $615,000.

iShares Bitcoin Trust Price Performance

Shares of IBIT stock opened at $49.39 on Wednesday. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75. The firm has a 50 day moving average of $55.04 and a two-hundred day moving average of $47.03.

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.