iShares Bitcoin Trust ETF $IBIT Shares Purchased by Montz Harcus Wealth Management LLC

Montz Harcus Wealth Management LLC boosted its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 37.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 58,981 shares of the company’s stock after buying an additional 16,150 shares during the quarter. iShares Bitcoin Trust ETF makes up 0.9% of Montz Harcus Wealth Management LLC’s holdings, making the stock its 20th biggest position. Montz Harcus Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $2,266,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Morgan Stanley boosted its position in iShares Bitcoin Trust ETF by 21.5% during the fourth quarter. Morgan Stanley now owns 13,440,659 shares of the company’s stock worth $667,329,000 after purchasing an additional 2,374,482 shares in the last quarter. Mubadala Investment Co PJSC boosted its holdings in 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 last quarter. Laurore Ltd purchased a new stake in iShares Bitcoin Trust ETF during the 4th quarter worth approximately $436,239,000. Al Warda Investments RSC Ltd increased its stake in iShares Bitcoin Trust ETF by 3.2% during the 4th quarter. Al Warda Investments RSC Ltd now owns 8,218,712 shares of the company’s stock worth $408,059,000 after buying an additional 255,319 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC raised 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 acquiring an additional 1,093,183 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ IBIT traded down $0.02 during midday trading on Tuesday, hitting $36.10. The stock had a trading volume of 15,405,796 shares, compared to its average volume of 55,864,590. The stock has a 50 day simple moving average of $39.75 and a 200-day simple moving average of $42.39. iShares Bitcoin Trust ETF has a 1 year low of $32.84 and a 1 year 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.