KMG Fiduciary Partners LLC Buys Shares of 47,628 iShares Bitcoin Trust ETF $IBIT

KMG Fiduciary Partners LLC purchased a new position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 47,628 shares of the company’s stock, valued at approximately $1,586,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Laurore Ltd bought a new stake in iShares Bitcoin Trust ETF in the fourth quarter worth $436,239,000. Mubadala Investment Co PJSC raised its holdings 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 valued at $630,670,000 after buying an additional 3,975,351 shares in the last quarter. Walleye Capital LLC raised its holdings in iShares Bitcoin Trust ETF by 332.4% during the first quarter. Walleye Capital LLC now owns 4,317,555 shares of the company’s stock valued at $165,880,000 after buying an additional 3,319,115 shares in the last quarter. Marshall Wace LLP lifted its position in shares of iShares Bitcoin Trust ETF by 229.8% in the fourth quarter. Marshall Wace LLP now owns 3,447,749 shares of the company’s stock worth $171,181,000 after buying an additional 2,402,259 shares during the last quarter. Finally, Morgan Stanley lifted its position 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 worth $667,329,000 after buying an additional 2,374,482 shares during the last quarter.

iShares Bitcoin Trust ETF Trading Down 1.5%

IBIT opened at $36.23 on Tuesday. The stock has a 50-day moving average of $35.97 and a 200-day moving average of $39.79. iShares Bitcoin Trust ETF has a 52-week low of $32.84 and a 52-week 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.