KMG Fiduciary Partners LLC Takes Position in iShares Bitcoin Trust ETF $IBIT

KMG Fiduciary Partners LLC purchased a new stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 47,628 shares of the company’s stock, valued at approximately $1,586,000.

Several other hedge funds have also recently bought and sold shares of the business. Morgan Stanley increased 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. Mubadala Investment Co PJSC boosted 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. Laurore Ltd acquired a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter worth approximately $436,239,000. Al Warda Investments RSC Ltd grew its position in iShares Bitcoin Trust ETF by 3.2% during the fourth quarter. Al Warda Investments RSC Ltd now owns 8,218,712 shares of the company’s stock valued at $408,059,000 after purchasing an additional 255,319 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC grew its position in 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 in the last quarter.

iShares Bitcoin Trust ETF Trading Down 1.5%

IBIT stock opened at $36.23 on Tuesday. iShares Bitcoin Trust ETF has a 12-month low of $32.84 and a 12-month high of $71.82. The company has a 50 day moving average of $35.97 and a two-hundred day moving average of $39.79.

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.