Advisortrust Partners LLC Acquires Shares of 45,999 iShares Bitcoin Trust ETF $IBIT

Advisortrust Partners LLC acquired a new position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 45,999 shares of the company’s stock, valued at approximately $2,284,000. iShares Bitcoin Trust ETF comprises approximately 1.0% of Advisortrust Partners LLC’s investment portfolio, making the stock its 25th biggest position.

Several other hedge funds and other institutional investors also recently modified their holdings of IBIT. Laurore Ltd bought a new position in shares of iShares Bitcoin Trust ETF during the fourth quarter worth about $436,239,000. 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 worth $630,670,000 after acquiring an additional 3,975,351 shares in the last quarter. 59 North Capital Management LP bought a new stake in shares of iShares Bitcoin Trust ETF in the 3rd quarter valued at approximately $169,100,000. Marshall Wace LLP increased its holdings in shares of iShares Bitcoin Trust ETF by 229.8% in the 4th quarter. Marshall Wace LLP now owns 3,447,749 shares of the company’s stock valued at $171,181,000 after acquiring an additional 2,402,259 shares during the last quarter. Finally, Morgan Stanley increased its holdings in shares of iShares Bitcoin Trust ETF by 21.5% in the 4th 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.

iShares Bitcoin Trust ETF Price Performance

IBIT stock opened at $35.62 on Friday. The stock’s 50 day simple moving average is $41.54 and its 200 day simple moving average is $43.73. iShares Bitcoin Trust ETF has a 12-month low of $33.48 and a 12-month high of $71.82.

iShares Bitcoin Trust ETF 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.