Broussard Financial Group LLC Buys 29,588 Shares of iShares Bitcoin Trust ETF $IBIT

Broussard Financial Group LLC boosted its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 72.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 70,478 shares of the company’s stock after purchasing an additional 29,588 shares during the period. iShares Bitcoin Trust ETF accounts for about 2.2% of Broussard Financial Group LLC’s investment portfolio, making the stock its 13th biggest holding. Broussard Financial Group LLC’s holdings in iShares Bitcoin Trust ETF were worth $2,708,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Morgan Stanley boosted its holdings in shares of iShares Bitcoin Trust ETF by 21.5% in the 4th 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 last quarter. Mubadala Investment Co PJSC increased 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 worth $630,670,000 after buying an additional 3,975,351 shares during the last quarter. Laurore Ltd bought a new stake in iShares Bitcoin Trust ETF during the fourth quarter worth $436,239,000. Al Warda Investments RSC Ltd raised its position in 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 acquiring an additional 255,319 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its stake in 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 acquiring an additional 1,093,183 shares during the last quarter.

iShares Bitcoin Trust ETF Trading Up 0.1%

Shares of NASDAQ:IBIT opened at $36.15 on Wednesday. iShares Bitcoin Trust ETF has a 52-week low of $32.84 and a 52-week high of $71.82. The company has a 50-day simple moving average of $39.59 and a 200 day simple moving average of $42.30.

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.