Laurore Ltd Takes $436.24 Million Position in iShares Bitcoin Trust ETF $IBIT

Laurore Ltd bought a new stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,786,279 shares of the company’s stock, valued at approximately $436,239,000. iShares Bitcoin Trust ETF makes up approximately 100.0% of Laurore Ltd’s holdings, making the stock its biggest holding. Laurore Ltd owned 0.64% of iShares Bitcoin Trust ETF at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in IBIT. Brighton Jones LLC purchased a new stake in shares of iShares Bitcoin Trust ETF during the 4th quarter valued at about $711,000. Bison Wealth LLC purchased a new stake in shares of iShares Bitcoin Trust ETF during the 4th quarter valued at about $3,140,000. Royal Bank of Canada raised its position in shares of iShares Bitcoin Trust ETF by 3.6% during the 1st quarter. Royal Bank of Canada now owns 61,926 shares of the company’s stock valued at $2,898,000 after buying an additional 2,148 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of iShares Bitcoin Trust ETF by 427.2% during the 1st quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock valued at $102,000 after buying an additional 1,760 shares in the last quarter. Finally, Sivia Capital Partners LLC purchased a new stake in shares of iShares Bitcoin Trust ETF during the 2nd quarter valued at about $357,000.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ IBIT opened at $42.51 on Wednesday. The firm’s 50-day moving average price is $39.63 and its 200-day moving average price is $48.80. iShares Bitcoin Trust ETF has a 12-month low of $35.30 and a 12-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.