BCS Wealth Management decreased its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 56.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,527 shares of the company’s stock after selling 15,155 shares during the period. BCS Wealth Management’s holdings in iShares Bitcoin Trust ETF were worth $443,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in IBIT. Morgan Stanley lifted its holdings in iShares Bitcoin Trust ETF by 21.5% in the fourth quarter. Morgan Stanley now owns 13,440,659 shares of the company’s stock valued at $667,329,000 after acquiring an additional 2,374,482 shares during the last quarter. Mubadala Investment Co PJSC increased its stake in iShares Bitcoin Trust ETF by 45.6% during the fourth quarter. Mubadala Investment Co PJSC now owns 12,702,323 shares of the company’s stock worth $630,670,000 after acquiring an additional 3,975,351 shares during the last quarter. Laurore Ltd purchased a new stake in iShares Bitcoin Trust ETF in the fourth quarter valued at $436,239,000. Al Warda Investments RSC Ltd raised its position in iShares Bitcoin Trust ETF by 3.2% in the fourth quarter. Al Warda Investments RSC Ltd now owns 8,218,712 shares of the company’s stock valued at $408,059,000 after purchasing an additional 255,319 shares during the period. Finally, Schonfeld Strategic Advisors LLC raised its position in iShares Bitcoin Trust ETF by 19.2% in the third quarter. Schonfeld Strategic Advisors LLC now owns 6,782,398 shares of the company’s stock valued at $440,856,000 after purchasing an additional 1,093,183 shares during the period.
iShares Bitcoin Trust ETF Stock Down 4.1%
Shares of iShares Bitcoin Trust ETF stock opened at $33.87 on Thursday. iShares Bitcoin Trust ETF has a 52 week low of $33.41 and a 52 week high of $71.82. The business’s fifty day simple moving average is $41.17 and its 200-day simple moving average is $43.33.
About iShares Bitcoin Trust ETF
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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