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

Forte Asset Management LLC increased its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 35.7% during the 1st quarter, Holdings Channel reports. The institutional investor owned 132,895 shares of the company’s stock after acquiring an additional 34,972 shares during the quarter. iShares Bitcoin Trust ETF comprises about 2.2% of Forte Asset Management LLC’s holdings, making the stock its 16th largest position. Forte Asset Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $5,106,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Laurore Ltd acquired a new position in iShares Bitcoin Trust ETF in the 4th quarter valued at approximately $436,239,000. Mubadala Investment Co PJSC lifted 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 purchasing 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 third quarter worth $169,100,000. Marshall Wace LLP lifted its holdings in shares of iShares Bitcoin Trust ETF by 229.8% during the fourth 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 period. Finally, Morgan Stanley grew its stake in shares of iShares Bitcoin Trust ETF by 21.5% in the fourth 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 last quarter.

iShares Bitcoin Trust ETF Stock 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 stock has a fifty day simple moving average of $39.91 and a 200 day simple moving average of $42.52.

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.