Verde Capital Management raised its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 32.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 262,459 shares of the company’s stock after purchasing an additional 64,356 shares during the period. iShares Bitcoin Trust ETF makes up about 2.2% of Verde Capital Management’s investment portfolio, making the stock its 9th biggest holding. Verde Capital Management’s holdings in iShares Bitcoin Trust ETF were worth $10,084,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Morgan Stanley increased its holdings in shares of iShares Bitcoin Trust ETF by 21.5% in the fourth quarter. Morgan Stanley now owns 13,440,659 shares of the company’s stock worth $667,329,000 after acquiring an additional 2,374,482 shares in the last quarter. Mubadala Investment Co PJSC grew its position in shares of iShares Bitcoin Trust ETF by 45.6% in the 4th quarter. Mubadala Investment Co PJSC now owns 12,702,323 shares of the company’s stock valued at $630,670,000 after purchasing an additional 3,975,351 shares during the period. Laurore Ltd acquired a new position in shares of iShares Bitcoin Trust ETF in the 4th quarter valued at approximately $436,239,000. Al Warda Investments RSC Ltd raised its holdings in iShares Bitcoin Trust ETF by 3.2% during the 4th quarter. Al Warda Investments RSC Ltd now owns 8,218,712 shares of the company’s stock worth $408,059,000 after buying an additional 255,319 shares during the period. Finally, Schonfeld Strategic Advisors LLC raised its holdings in iShares Bitcoin Trust ETF by 19.2% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 6,782,398 shares of the company’s stock worth $440,856,000 after buying an additional 1,093,183 shares during the period.
iShares Bitcoin Trust ETF Stock Up 2.5%
Shares of IBIT opened at $36.50 on Tuesday. iShares Bitcoin Trust ETF has a twelve month low of $33.48 and a twelve month high of $71.82. The firm’s 50 day moving average price is $41.45 and its two-hundred day moving average price is $43.59.
iShares Bitcoin Trust ETF 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.
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