Compass Financial Group Inc. Ohio Invests $2.15 Million in iShares Bitcoin Trust ETF $IBIT

Compass Financial Group Inc. Ohio bought a new position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 43,289 shares of the company’s stock, valued at approximately $2,149,000. iShares Bitcoin Trust ETF accounts for about 1.6% of Compass Financial Group Inc. Ohio’s holdings, making the stock its 21st biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Laurore Ltd purchased a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter worth $436,239,000. Mubadala Investment Co PJSC grew 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 purchasing an additional 3,975,351 shares in the last quarter. 59 North Capital Management LP acquired a new position in iShares Bitcoin Trust ETF in the third quarter valued at approximately $169,100,000. Marshall Wace LLP increased its stake in 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 during the last quarter. Finally, Morgan Stanley increased 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 valued at $667,329,000 after purchasing an additional 2,374,482 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ:IBIT opened at $35.62 on Friday. The firm has a 50 day simple moving average of $41.54 and a 200-day simple moving average of $43.73. iShares Bitcoin Trust ETF has a twelve month low of $33.48 and a twelve month 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.