Moneta Group Investment Advisors LLC Boosts Holdings in iShares Bitcoin Trust ETF $IBIT

Moneta Group Investment Advisors LLC boosted its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 6.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 272,402 shares of the company’s stock after acquiring an additional 16,080 shares during the period. Moneta Group Investment Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $17,706,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of iShares Bitcoin Trust ETF by 1,119.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,217,056 shares of the company’s stock valued at $196,916,000 after acquiring an additional 2,953,342 shares during the period. 59 North Capital Management LP bought a new stake in shares of iShares Bitcoin Trust ETF in the 3rd quarter worth approximately $169,100,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in shares of iShares Bitcoin Trust ETF in the 2nd quarter worth approximately $113,404,000. Capula Management Ltd lifted its stake in iShares Bitcoin Trust ETF by 22.5% in the second quarter. Capula Management Ltd now owns 9,481,233 shares of the company’s stock valued at $580,346,000 after purchasing an additional 1,739,073 shares during the last quarter. Finally, Sculptor Capital LP lifted its stake in iShares Bitcoin Trust ETF by 59.5% in the second quarter. Sculptor Capital LP now owns 4,487,247 shares of the company’s stock valued at $274,664,000 after purchasing an additional 1,673,788 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Performance

Shares of IBIT opened at $41.94 on Tuesday. The stock’s fifty day moving average price is $43.92 and its two-hundred day moving average price is $53.24. iShares Bitcoin Trust ETF has a 1 year low of $35.30 and a 1 year high of $71.82.

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.