Compass Financial Group Inc. Ohio Acquires New Position in iShares Bitcoin Trust ETF $IBIT

Compass Financial Group Inc. Ohio bought a new position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 43,289 shares of the company’s stock, valued at approximately $2,149,000. iShares Bitcoin Trust ETF comprises about 1.6% of Compass Financial Group Inc. Ohio’s investment portfolio, making the stock its 21st largest holding.

Other hedge funds have also bought and sold shares of the company. Morgan Stanley grew its holdings in shares of iShares Bitcoin Trust ETF by 21.5% during the fourth quarter. Morgan Stanley now owns 13,440,659 shares of the company’s stock valued at $667,329,000 after buying an additional 2,374,482 shares during the last quarter. Mubadala Investment Co PJSC raised its stake 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 acquiring an additional 3,975,351 shares during the last quarter. Laurore Ltd purchased a new position in iShares Bitcoin Trust ETF in the 4th quarter worth $436,239,000. Al Warda Investments RSC Ltd lifted its position 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 acquiring an additional 255,319 shares during the period. Finally, Schonfeld Strategic Advisors LLC lifted its position in iShares Bitcoin Trust ETF by 19.2% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 6,782,398 shares of the company’s stock worth $440,856,000 after acquiring an additional 1,093,183 shares during the period.

iShares Bitcoin Trust ETF Price Performance

Shares of IBIT stock opened at $35.62 on Friday. The stock’s 50-day simple moving average is $41.54 and its 200-day simple moving average is $43.73. iShares Bitcoin Trust ETF has a fifty-two week low of $33.48 and a fifty-two week 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.