Truvestments Capital LLC Buys 19,515 Shares of iShares Bitcoin Trust ETF $IBIT

Truvestments Capital LLC lifted its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 18.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 126,606 shares of the company’s stock after purchasing an additional 19,515 shares during the quarter. iShares Bitcoin Trust ETF accounts for approximately 1.1% of Truvestments Capital LLC’s investment portfolio, making the stock its 11th largest holding. Truvestments Capital LLC’s holdings in iShares Bitcoin Trust ETF were worth $6,286,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Morgan Stanley boosted its stake 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 buying an additional 2,374,482 shares during the period. Laurore Ltd bought a new stake in shares of iShares Bitcoin Trust ETF in the fourth quarter valued at approximately $436,239,000. Schonfeld Strategic Advisors LLC boosted its stake in shares of iShares Bitcoin Trust ETF by 19.2% in the third 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 period. Macquarie Group Ltd. boosted its stake in shares of iShares Bitcoin Trust ETF by 16.4% in the fourth quarter. Macquarie Group Ltd. now owns 5,126,143 shares of the company’s stock valued at $254,513,000 after buying an additional 721,351 shares during the period. Finally, Sculptor Capital LP boosted its stake in shares of iShares Bitcoin Trust ETF by 59.5% in the second quarter. Sculptor Capital LP now owns 4,487,247 shares of the company’s stock valued at $274,664,000 after buying an additional 1,673,788 shares during the period.

iShares Bitcoin Trust ETF Stock Performance

Shares of IBIT stock opened at $36.04 on Monday. The stock has a 50 day simple moving average of $41.79 and a 200 day simple moving average of $44.18. iShares Bitcoin Trust ETF has a 1 year low of $33.48 and a 1 year 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.