Turim 21 Investimentos Ltda. Acquires 92,294 Shares of iShares Bitcoin Trust ETF $IBIT

Turim 21 Investimentos Ltda. raised its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 319.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 121,192 shares of the company’s stock after buying an additional 92,294 shares during the period. iShares Bitcoin Trust ETF comprises approximately 1.4% of Turim 21 Investimentos Ltda.’s portfolio, making the stock its 12th largest position. Turim 21 Investimentos Ltda.’s holdings in iShares Bitcoin Trust ETF were worth $4,656,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Wealth Watch Advisors INC lifted its stake in shares of iShares Bitcoin Trust ETF by 18.7% in the 1st quarter. Wealth Watch Advisors INC now owns 24,860 shares of the company’s stock valued at $955,000 after acquiring an additional 3,920 shares during the last quarter. Blue Chip Partners LLC purchased a new stake in iShares Bitcoin Trust ETF during the 1st quarter valued at about $275,000. Ardmore Road Asset Management LP grew its position in iShares Bitcoin Trust ETF by 79.1% during the 1st quarter. Ardmore Road Asset Management LP now owns 500,000 shares of the company’s stock worth $19,210,000 after acquiring an additional 220,781 shares during the last quarter. Mustico Financial Group Inc. grew its position in iShares Bitcoin Trust ETF by 19.3% during the 1st quarter. Mustico Financial Group Inc. now owns 38,713 shares of the company’s stock worth $1,487,000 after acquiring an additional 6,265 shares during the last quarter. Finally, Matrix Private Capital Group LLC purchased a new position in iShares Bitcoin Trust ETF in the 1st quarter worth approximately $2,720,000.

iShares Bitcoin Trust ETF Stock Performance

Shares of IBIT stock opened at $36.35 on Monday. iShares Bitcoin Trust ETF has a fifty-two week low of $32.84 and a fifty-two week high of $71.82. The stock has a 50 day moving average price of $37.37 and a two-hundred day moving average price of $41.06.

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.