Turn8 Private Wealth Inc. Acquires New Position in iShares Bitcoin Trust ETF $IBIT

Turn8 Private Wealth Inc. bought a new position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 31,609 shares of the company’s stock, valued at approximately $1,214,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IBIT. Morgan Stanley boosted 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 purchasing an additional 2,374,482 shares during the period. Mubadala Investment Co PJSC raised its position in shares of iShares Bitcoin Trust ETF by 45.6% during the 4th quarter. Mubadala Investment Co PJSC now owns 12,702,323 shares of the company’s stock valued at $630,670,000 after purchasing an additional 3,975,351 shares during the period. Laurore Ltd bought a new stake in shares of iShares Bitcoin Trust ETF during the 4th quarter valued at $436,239,000. Al Warda Investments RSC Ltd raised its position in shares of iShares Bitcoin Trust ETF by 3.2% during the 4th quarter. Al Warda Investments RSC Ltd now owns 8,218,712 shares of the company’s stock valued at $408,059,000 after purchasing an additional 255,319 shares during the period. Finally, Schonfeld Strategic Advisors LLC lifted its stake in shares of iShares Bitcoin Trust ETF by 19.2% during 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 in the last quarter.

iShares Bitcoin Trust ETF Price Performance

Shares of iShares Bitcoin Trust ETF stock opened at $34.87 on Friday. The company has a fifty day moving average of $39.91 and a 200 day moving average of $42.52. iShares Bitcoin Trust ETF has a fifty-two week low of $32.84 and a fifty-two week 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.