Yarbrough Capital LLC Increases Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

Yarbrough Capital LLC boosted its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 121.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 311,211 shares of the company’s stock after purchasing an additional 170,638 shares during the quarter. iShares Bitcoin Trust comprises approximately 0.6% of Yarbrough Capital LLC’s holdings, making the stock its 23rd largest holding. Yarbrough Capital LLC’s holdings in iShares Bitcoin Trust were worth $16,510,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its position in shares of iShares Bitcoin Trust by 42.6% during 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 during the last quarter. Brown Brothers Harriman & Co. bought a new stake in iShares Bitcoin Trust during the 2nd quarter valued at about $43,000. Renaissance Technologies LLC purchased a new stake in iShares Bitcoin Trust in the 2nd quarter valued at about $505,000. Axxcess Wealth Management LLC grew its stake in iShares Bitcoin Trust by 88.6% in the 2nd quarter. Axxcess Wealth Management LLC now owns 44,971 shares of the company’s stock worth $1,535,000 after acquiring an additional 21,126 shares in the last quarter. Finally, Marathon Trading Investment Management LLC bought a new position in iShares Bitcoin Trust in the 2nd quarter worth about $783,000.

iShares Bitcoin Trust Stock Performance

IBIT stock opened at $57.09 on Friday. iShares Bitcoin Trust has a 1-year low of $22.02 and a 1-year high of $61.75. The business has a 50-day moving average price of $54.56 and a 200 day moving average price of $42.24.

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.