Franklin Resources Inc. Invests $1.11 Million in iShares Bitcoin Trust (NASDAQ:IBIT)

Franklin Resources Inc. purchased a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 29,470 shares of the company’s stock, valued at approximately $1,107,000.

Other large investors have also recently bought and sold shares of the company. HB Wealth Management LLC acquired a new position in shares of iShares Bitcoin Trust during the 2nd quarter worth $331,000. Signaturefd LLC grew its position in iShares Bitcoin Trust by 116.3% during the second quarter. Signaturefd LLC now owns 6,663 shares of the company’s stock worth $227,000 after buying an additional 3,583 shares during the period. International Assets Investment Management LLC purchased a new position in iShares Bitcoin Trust in the second quarter valued at about $31,000. Hantz Financial Services Inc. acquired a new stake in shares of iShares Bitcoin Trust during the 2nd quarter valued at approximately $36,000. Finally, Rothschild Investment LLC purchased a new stake in shares of iShares Bitcoin Trust during the 2nd quarter worth approximately $1,348,000.

iShares Bitcoin Trust Stock Down 1.1 %

NASDAQ IBIT opened at $53.68 on Friday. The business has a 50 day moving average price of $50.39 and a 200 day moving average price of $40.47. iShares Bitcoin Trust has a 1-year low of $22.02 and a 1-year high of $61.75.

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.