Convergence Financial LLC Buys 76,025 Shares of iShares Bitcoin Trust ETF $IBIT

Convergence Financial LLC boosted its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 107.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,531 shares of the company’s stock after acquiring an additional 76,025 shares during the quarter. Convergence Financial LLC’s holdings in iShares Bitcoin Trust ETF were worth $4,878,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Morgan Stanley lifted 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 valued at $667,329,000 after purchasing an additional 2,374,482 shares in the last quarter. Mubadala Investment Co PJSC boosted its position in shares of 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 buying an additional 3,975,351 shares during the period. Laurore Ltd bought a new position in shares of iShares Bitcoin Trust ETF during the fourth quarter worth about $436,239,000. Al Warda Investments RSC Ltd grew its holdings in shares of iShares Bitcoin Trust ETF by 3.2% during the fourth 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 in the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its position in iShares Bitcoin Trust ETF by 19.2% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 6,782,398 shares of the company’s stock valued at $440,856,000 after buying an additional 1,093,183 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Performance

NASDAQ IBIT opened at $35.63 on Friday. iShares Bitcoin Trust ETF has a 52 week low of $32.84 and a 52 week high of $71.82. The stock’s 50 day moving average price is $35.88 and its two-hundred day moving average price is $39.45.

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.