GK Wealth Management LLC Purchases Shares of 66,935 iShares Bitcoin Trust ETF $IBIT

GK Wealth Management LLC acquired a new position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the 2nd quarter, Holdings Channel reports. The fund acquired 66,935 shares of the company’s stock, valued at approximately $2,228,000. iShares Bitcoin Trust ETF accounts for about 1.2% of GK Wealth Management LLC’s portfolio, making the stock its 19th largest holding.

Several other large investors have also recently added to or reduced their stakes in the business. Laurore Ltd purchased a new position in shares of iShares Bitcoin Trust ETF during the 4th quarter worth about $436,239,000. Mubadala Investment Co PJSC raised its position in shares of iShares Bitcoin Trust ETF by 45.6% in the 4th 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 period. Walleye Capital LLC boosted its holdings in iShares Bitcoin Trust ETF by 332.4% in the first quarter. Walleye Capital LLC now owns 4,317,555 shares of the company’s stock valued at $165,880,000 after acquiring an additional 3,319,115 shares during the last quarter. Marshall Wace LLP increased its stake in iShares Bitcoin Trust ETF by 229.8% during the fourth quarter. Marshall Wace LLP now owns 3,447,749 shares of the company’s stock worth $171,181,000 after acquiring an additional 2,402,259 shares during the last quarter. Finally, Morgan Stanley lifted its stake 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 purchasing an additional 2,374,482 shares in the last quarter.

iShares Bitcoin Trust ETF Price Performance

IBIT opened at $36.39 on Wednesday. The firm has a 50 day moving average price of $36.37 and a 200 day moving average price of $40.26. iShares Bitcoin Trust ETF has a 1 year low of $32.84 and a 1 year high of $71.82.

iShares Bitcoin Trust ETF 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.