iShares Bitcoin Trust ETF $IBIT Position Boosted by Meridian Wealth Management LLC

Meridian Wealth Management LLC lifted its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 55.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 41,694 shares of the company’s stock after acquiring an additional 14,919 shares during the quarter. Meridian Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,388,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Morgan Stanley boosted its holdings in iShares Bitcoin Trust ETF by 21.5% during 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 increased its holdings in shares of iShares Bitcoin Trust ETF by 45.6% in 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. Laurore Ltd bought a new position in shares of iShares Bitcoin Trust ETF in the fourth quarter valued at $436,239,000. Al Warda Investments RSC Ltd lifted 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 acquiring an additional 255,319 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its position 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 acquiring an additional 1,093,183 shares during the last quarter.

iShares Bitcoin Trust ETF Price Performance

IBIT opened at $35.63 on Friday. The business has a fifty day simple moving average of $35.88 and a 200-day simple moving average of $39.45. iShares Bitcoin Trust ETF has a fifty-two week low of $32.84 and a fifty-two 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.