VCI Wealth Management LLC Purchases 83,454 Shares of iShares Bitcoin Trust ETF $IBIT

VCI Wealth Management LLC lifted its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 54.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 235,487 shares of the company’s stock after purchasing an additional 83,454 shares during the quarter. iShares Bitcoin Trust ETF comprises 2.5% of VCI Wealth Management LLC’s investment portfolio, making the stock its 13th biggest holding. VCI Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $9,047,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Morgan Stanley increased its position in iShares Bitcoin Trust ETF by 21.5% during the 4th quarter. Morgan Stanley now owns 13,440,659 shares of the company’s stock valued at $667,329,000 after buying an additional 2,374,482 shares in the last quarter. Mubadala Investment Co PJSC boosted its holdings in iShares Bitcoin Trust ETF by 45.6% in 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 in the last quarter. Laurore Ltd purchased a new stake in shares of iShares Bitcoin Trust ETF in the fourth quarter worth $436,239,000. Al Warda Investments RSC Ltd grew its stake in shares of 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 worth $408,059,000 after acquiring an additional 255,319 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 19.2% during the third quarter. Schonfeld Strategic Advisors LLC now owns 6,782,398 shares of the company’s stock valued at $440,856,000 after acquiring an additional 1,093,183 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Performance

NASDAQ:IBIT opened at $33.85 on Friday. iShares Bitcoin Trust ETF has a fifty-two week low of $32.84 and a fifty-two week high of $71.82. The firm has a 50-day simple moving average of $40.83 and a two-hundred day simple moving average of $43.15.

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.