Raymond James Financial Inc. Acquired a New Position in Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Raymond James Financial Inc. disclosed a new position in iShares Bitcoin Trust (NYSE:ARCA:IBIT) during the 4th quarter, according to its recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,876 shares of the company’s stock, valued at approximately $365,000.

Several other institutional investors have also modified their holdings in iShares Bitcoin Trust. Stephens Consulting LLC increased its stake in the company’s stock by 62.8%. The firm now owns 490 shares of the company’s stock, valued at $26,000 after purchasing an additional 189 shares in the last quarter.

AlphaMark Advisors LLC grew its holdings in iShares Bitcoin Trust by 8.9% during the 4th quarter. The firm now owns 2,455 shares of the company’s stock valued at $130,000 after buying an additional 200 shares during the last quarter.

Pathway Financial Advisers LLC grew its holdings in iShares Bitcoin Trust by 52.9% during the 4th quarter. The firm now owns 665 shares of the company’s stock valued at $35,000 after buying an additional 230 shares during the last quarter.

SouthState Corp increased its position in iShares Bitcoin Trust by 5.5% during the fourth quarter. SouthState Corp now owns 4,411 shares of the company’s stock worth $234,000 after buying an additional 230 shares in the last quarter.

Mosley Wealth Management raised its holdings in shares of iShares Bitcoin Trust by 2.5% in the fourth quarter. Mosley Wealth Management now owns 9,341 shares of the company’s stock worth $496,000 after acquiring an additional 231 shares during the last quarter.

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.

The IShares Bitcoin Trust is an interesting investment vehicle that allows investors to gain exposure to Bitcoin without having to directly purchase the cryptocurrency. The fact that a number of institutional investors have recently bought and sold shares of the company may be an indication of the growing interest in Bitcoin among this group of investors.

It remains to be seen what impact, if any, the recent price movements in Bitcoin will have on the IShares Bitcoin Trust. However, the ETF is certainly a product that many investors may want to keep an eye on in the coming year.

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This article original appeared on MarketBeat: https://www.marketbeat.com/stocks/NASDAQ/IBIT/institutional-activity/