Lifeworks Advisors LLC Has $7.86 Million Holdings in iShares Bitcoin Trust ETF $IBIT

Lifeworks Advisors LLC raised its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 23.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 204,612 shares of the company’s stock after buying an additional 38,321 shares during the quarter. iShares Bitcoin Trust ETF accounts for 1.0% of Lifeworks Advisors LLC’s portfolio, making the stock its 25th largest position. Lifeworks Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $7,861,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in IBIT. Laurore Ltd purchased a new stake in shares of iShares Bitcoin Trust ETF in the 4th quarter valued at approximately $436,239,000. Mubadala Investment Co PJSC raised its stake in 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. 59 North Capital Management LP acquired a new stake in iShares Bitcoin Trust ETF during the 3rd quarter valued at $169,100,000. Marshall Wace LLP lifted its holdings in shares of iShares Bitcoin Trust ETF by 229.8% in the fourth quarter. Marshall Wace LLP now owns 3,447,749 shares of the company’s stock valued at $171,181,000 after purchasing an additional 2,402,259 shares in the last quarter. Finally, Morgan Stanley lifted its holdings 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 purchasing an additional 2,374,482 shares in the last quarter.

iShares Bitcoin Trust ETF Price Performance

Shares of iShares Bitcoin Trust ETF stock opened at $36.23 on Monday. iShares Bitcoin Trust ETF has a 12 month low of $32.84 and a 12 month high of $71.82. The business has a fifty day simple moving average of $39.14 and a 200-day simple moving average of $42.01.

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.