Midwest Trust Co Has $1.32 Million Position in iShares Bitcoin Trust ETF $IBIT

Midwest Trust Co lifted its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 122.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,254 shares of the company’s stock after buying an additional 18,826 shares during the period. Midwest Trust Co’s holdings in iShares Bitcoin Trust ETF were worth $1,316,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Morgan Stanley raised its holdings in 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 in the last quarter. Mubadala Investment Co PJSC lifted 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 worth $630,670,000 after acquiring an additional 3,975,351 shares during the period. Laurore Ltd acquired a new stake in shares of iShares Bitcoin Trust ETF during the 4th quarter worth approximately $436,239,000. Al Warda Investments RSC Ltd grew its holdings in shares of 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 purchasing an additional 255,319 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its position in shares of iShares Bitcoin Trust ETF by 19.2% during the third quarter. Schonfeld Strategic Advisors LLC now owns 6,782,398 shares of the company’s stock valued at $440,856,000 after purchasing an additional 1,093,183 shares during the period.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ IBIT opened at $35.22 on Tuesday. iShares Bitcoin Trust ETF has a one year low of $32.84 and a one year high of $71.82. The business has a fifty day simple moving average of $38.98 and a 200 day simple moving average of $41.91.

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.