Wealthfront Advisers LLC Buys 344,030 Shares of iShares Bitcoin Trust ETF $IBIT

Wealthfront Advisers LLC grew its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 30.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,460,531 shares of the company’s stock after purchasing an additional 344,030 shares during the period. Wealthfront Advisers LLC’s holdings in iShares Bitcoin Trust ETF were worth $56,114,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Morgan Stanley boosted its stake in 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 in the last quarter. Mubadala Investment Co PJSC raised its stake 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 acquiring an additional 3,975,351 shares in the last quarter. Laurore Ltd bought a new stake in shares of iShares Bitcoin Trust ETF in the 4th quarter worth approximately $436,239,000. Al Warda Investments RSC Ltd lifted its holdings in shares of iShares Bitcoin Trust ETF by 3.2% in the 4th 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 boosted its stake in shares of 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 purchasing an additional 1,093,183 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Performance

NASDAQ IBIT opened at $36.81 on Thursday. The company has a 50-day simple moving average of $38.60 and a two-hundred day simple moving average of $41.73. iShares Bitcoin Trust ETF has a 12-month low of $32.84 and a 12-month 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.