Gradient Investments LLC Has $3.15 Million Stock Position in iShares Bitcoin Trust ETF $IBIT

Gradient Investments LLC lifted its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 104.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 94,782 shares of the company’s stock after buying an additional 48,429 shares during the quarter. Gradient Investments LLC’s holdings in iShares Bitcoin Trust ETF were worth $3,155,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Morgan Stanley raised its stake in iShares Bitcoin Trust ETF by 21.5% during 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 during the period. Mubadala Investment Co PJSC boosted its position 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 worth $630,670,000 after buying an additional 3,975,351 shares during the period. Laurore Ltd acquired a new stake in shares of iShares Bitcoin Trust ETF in the fourth quarter worth $436,239,000. Al Warda Investments RSC Ltd grew its holdings in shares of iShares Bitcoin Trust ETF by 3.2% during the fourth quarter. Al Warda Investments RSC Ltd now owns 8,218,712 shares of the company’s stock valued at $408,059,000 after buying an additional 255,319 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC grew its holdings in shares of iShares Bitcoin Trust ETF by 19.2% during the third quarter. Schonfeld Strategic Advisors LLC now owns 6,782,398 shares of the company’s stock valued at $440,856,000 after buying an additional 1,093,183 shares in the last quarter.

iShares Bitcoin Trust ETF Price Performance

NASDAQ:IBIT opened at $36.80 on Friday. iShares Bitcoin Trust ETF has a 1-year low of $32.84 and a 1-year high of $71.82. The business’s fifty day moving average price is $36.05 and its 200 day moving average price is $39.99.

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.