Forte Asset Management LLC Buys 34,972 Shares of iShares Bitcoin Trust ETF $IBIT

Forte Asset Management LLC increased its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 35.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,895 shares of the company’s stock after purchasing an additional 34,972 shares during the quarter. iShares Bitcoin Trust ETF makes up about 2.2% of Forte Asset Management LLC’s portfolio, making the stock its 16th largest holding. Forte Asset Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $5,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in IBIT. Laurore Ltd bought a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter worth $436,239,000. Mubadala Investment Co PJSC increased its holdings in shares of 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 worth $630,670,000 after buying an additional 3,975,351 shares in the last quarter. 59 North Capital Management LP acquired a new position in shares of iShares Bitcoin Trust ETF during the third quarter worth $169,100,000. Marshall Wace LLP lifted its stake in shares of iShares Bitcoin Trust ETF by 229.8% in the 4th quarter. Marshall Wace LLP now owns 3,447,749 shares of the company’s stock valued at $171,181,000 after acquiring an additional 2,402,259 shares during the last quarter. Finally, Morgan Stanley lifted its stake 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 valued at $667,329,000 after acquiring an additional 2,374,482 shares during the last quarter.

iShares Bitcoin Trust ETF Price Performance

NASDAQ IBIT opened at $34.87 on Friday. iShares Bitcoin Trust ETF has a twelve month low of $32.84 and a twelve month high of $71.82. The business’s fifty day moving average is $39.91 and its 200 day moving average is $42.52.

iShares Bitcoin Trust ETF 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.