iShares Bitcoin Trust ETF $IBIT Shares Bought by Strong Tower Advisory Services

Strong Tower Advisory Services lifted its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 6.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 379,872 shares of the company’s stock after buying an additional 24,142 shares during the quarter. iShares Bitcoin Trust ETF comprises approximately 2.7% of Strong Tower Advisory Services’ holdings, making the stock its 8th biggest position. Strong Tower Advisory Services’ holdings in iShares Bitcoin Trust ETF were worth $14,595,000 as of its most recent filing with the Securities and Exchange Commission.

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

iShares Bitcoin Trust ETF Price Performance

Shares of IBIT stock opened at $35.62 on Monday. iShares Bitcoin Trust ETF has a 52-week low of $33.48 and a 52-week high of $71.82. The firm’s 50-day moving average is $41.54 and its 200-day moving average is $43.69.

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.