Maridea Wealth Management LLC Boosts Stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT)

Maridea Wealth Management LLC increased its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 29.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 30,756 shares of the company’s stock after purchasing an additional 6,925 shares during the period. Maridea Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,440,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in IBIT. Brevan Howard Capital Management LP acquired a new position in iShares Bitcoin Trust ETF in the 4th quarter valued at about $1,385,364,000. Symmetry Investments LP increased its position in iShares Bitcoin Trust ETF by 3,605.8% during the 4th quarter. Symmetry Investments LP now owns 12,678,808 shares of the company’s stock worth $672,611,000 after purchasing an additional 12,336,673 shares during the period. Mubadala Investment Co PJSC acquired a new position in iShares Bitcoin Trust ETF during the 4th quarter worth approximately $436,895,000. D. E. Shaw & Co. Inc. increased its position in iShares Bitcoin Trust ETF by 344.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 9,667,431 shares of the company’s stock worth $512,857,000 after purchasing an additional 7,494,123 shares during the period. Finally, Jericho Capital Asset Management L.P. acquired a new position in iShares Bitcoin Trust ETF during the 4th quarter worth approximately $378,140,000.

iShares Bitcoin Trust ETF Trading Down 1.9%

NASDAQ IBIT opened at $66.36 on Monday. The business’s 50 day moving average is $62.27 and its two-hundred day moving average is $55.84. iShares Bitcoin Trust ETF has a 12-month low of $28.23 and a 12-month high of $69.46.

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.