Oak Barrel Wealth Advisory LLC Makes New $616,000 Investment in iShares Bitcoin Trust ETF $IBIT

Oak Barrel Wealth Advisory LLC acquired a new stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 18,500 shares of the company’s stock, valued at approximately $616,000. iShares Bitcoin Trust ETF comprises 0.3% of Oak Barrel Wealth Advisory LLC’s portfolio, making the stock its 28th largest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in IBIT. Laurore Ltd purchased a new position in shares of iShares Bitcoin Trust ETF during the 4th quarter worth about $436,239,000. Mubadala Investment Co PJSC grew its holdings in iShares Bitcoin Trust ETF by 45.6% during the 4th quarter. Mubadala Investment Co PJSC now owns 12,702,323 shares of the company’s stock valued at $630,670,000 after purchasing an additional 3,975,351 shares during the last quarter. Walleye Capital LLC raised its position in iShares Bitcoin Trust ETF by 332.4% in the 1st quarter. Walleye Capital LLC now owns 4,317,555 shares of the company’s stock worth $165,880,000 after purchasing an additional 3,319,115 shares during the period. Marshall Wace LLP raised its position in 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 worth $171,181,000 after purchasing an additional 2,402,259 shares during the period. Finally, Morgan Stanley lifted its stake in 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 Price Performance

Shares of NASDAQ IBIT opened at $36.42 on Tuesday. iShares Bitcoin Trust ETF has a 1 year low of $32.84 and a 1 year high of $71.82. The firm has a 50-day simple moving average of $35.89 and a two-hundred day simple moving average of $39.27.

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.