Corient Private Wealth LLC Acquires 81,253 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Corient Private Wealth LLC grew its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 32.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 328,039 shares of the company’s stock after buying an additional 81,253 shares during the period. Corient Private Wealth LLC’s holdings in iShares Bitcoin Trust were worth $17,402,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of IBIT. Atria Investments Inc bought a new stake in shares of iShares Bitcoin Trust during the 3rd quarter valued at $558,000. Empowered Funds LLC purchased a new position in shares of iShares Bitcoin Trust in the 3rd quarter worth about $2,298,000. PNC Financial Services Group Inc. raised its position in shares of iShares Bitcoin Trust by 38.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 430,831 shares of the company’s stock worth $15,566,000 after purchasing an additional 119,531 shares during the last quarter. First Horizon Advisors Inc. purchased a new position in shares of iShares Bitcoin Trust in the 3rd quarter worth about $108,000. Finally, RPO LLC raised its position in shares of iShares Bitcoin Trust by 79.8% in the 3rd quarter. RPO LLC now owns 29,857 shares of the company’s stock worth $1,079,000 after purchasing an additional 13,250 shares during the last quarter.

iShares Bitcoin Trust Stock Down 2.6 %

IBIT opened at $46.81 on Wednesday. The stock has a 50-day moving average price of $53.66 and a 200-day moving average price of $47.98. iShares Bitcoin Trust has a 1 year low of $28.23 and a 1 year high of $61.75.

About iShares Bitcoin Trust

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.