Pacific Life Fund Advisors LLC Makes New Investment in iShares Bitcoin Trust ETF $IBIT

Pacific Life Fund Advisors LLC bought a new stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 195,107 shares of the company’s stock, valued at approximately $6,495,000. iShares Bitcoin Trust ETF accounts for about 0.7% of Pacific Life Fund Advisors LLC’s investment portfolio, making the stock its 8th largest position.

Several other large investors have also modified their holdings of IBIT. Morgan Stanley lifted its position 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 worth $667,329,000 after purchasing an additional 2,374,482 shares during the period. Mubadala Investment Co PJSC increased its holdings in iShares Bitcoin Trust ETF by 45.6% during the fourth quarter. Mubadala Investment Co PJSC now owns 12,702,323 shares of the company’s stock valued at $630,670,000 after buying an additional 3,975,351 shares during the period. Laurore Ltd purchased a new position in iShares Bitcoin Trust ETF during the fourth quarter valued at approximately $436,239,000. Al Warda Investments RSC Ltd raised its stake in iShares Bitcoin Trust ETF by 3.2% in the fourth 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 stake in iShares Bitcoin Trust ETF by 19.2% in the third quarter. Schonfeld Strategic Advisors LLC now owns 6,782,398 shares of the company’s stock worth $440,856,000 after buying an additional 1,093,183 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Performance

iShares Bitcoin Trust ETF stock opened at $35.63 on Friday. The business has a fifty day moving average of $35.88 and a two-hundred day moving average of $39.45. iShares Bitcoin Trust ETF has a twelve month low of $32.84 and a twelve month high of $71.82.

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.