Waverly Advisors LLC Has $1.27 Million Stock Holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT)

Waverly Advisors LLC increased its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 45.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,858 shares of the company’s stock after acquiring an additional 7,413 shares during the period. Waverly Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,266,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Brevan Howard Capital Management LP acquired a new stake in iShares Bitcoin Trust ETF during the fourth quarter valued at approximately $1,385,364,000. Symmetry Investments LP boosted its stake in iShares Bitcoin Trust ETF by 3,605.8% in the 4th quarter. Symmetry Investments LP now owns 12,678,808 shares of the company’s stock valued at $672,611,000 after buying an additional 12,336,673 shares in the last quarter. Mubadala Investment Co PJSC bought a new stake in iShares Bitcoin Trust ETF in the fourth quarter valued at $436,895,000. D. E. Shaw & Co. Inc. grew its position in iShares Bitcoin Trust ETF by 344.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 9,667,431 shares of the company’s stock valued at $512,857,000 after acquiring an additional 7,494,123 shares during the period. Finally, Jericho Capital Asset Management L.P. acquired a new position in iShares Bitcoin Trust ETF during the fourth quarter worth $378,140,000.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ:IBIT opened at $61.83 on Friday. The company’s fifty day moving average is $52.05 and its 200-day moving average is $53.23. iShares Bitcoin Trust ETF has a 52 week low of $28.23 and a 52 week high of $63.70.

About iShares Bitcoin Trust ETF

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.