Verdence Capital Advisors LLC Takes Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Verdence Capital Advisors LLC purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,155 shares of the company’s stock, valued at approximately $295,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Creekmur Asset Management LLC purchased a new stake in iShares Bitcoin Trust during the first quarter worth $30,000. Glass Jacobson Investment Advisors llc purchased a new stake in shares of iShares Bitcoin Trust in the 2nd quarter worth about $26,000. Asset Dedication LLC grew its stake in iShares Bitcoin Trust by 52.4% in the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after acquiring an additional 279 shares during the last quarter. International Assets Investment Management LLC purchased a new position in iShares Bitcoin Trust during the 2nd quarter valued at about $31,000. Finally, BNP Paribas Financial Markets purchased a new stake in shares of iShares Bitcoin Trust in the first quarter valued at about $42,000.

iShares Bitcoin Trust Price Performance

Shares of IBIT opened at $51.05 on Wednesday. iShares Bitcoin Trust has a 1-year low of $22.02 and a 1-year high of $51.26. The firm has a 50 day simple moving average of $36.87 and a 200-day simple moving average of $36.32.

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.