Diversify Wealth Management LLC Has $2.11 Million Position in iShares Bitcoin Trust ETF $IBIT

Diversify Wealth Management LLC boosted its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 505.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 55,006 shares of the company’s stock after acquiring an additional 45,927 shares during the period. Diversify Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $2,113,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Morgan Stanley boosted its position in iShares Bitcoin Trust ETF by 21.5% during 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 period. Mubadala Investment Co PJSC raised its position in shares of iShares Bitcoin Trust ETF by 45.6% in the fourth 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 period. Laurore Ltd bought a new position in shares of iShares Bitcoin Trust ETF in the fourth quarter valued at about $436,239,000. Al Warda Investments RSC Ltd lifted its stake 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 buying an additional 255,319 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its stake in shares of iShares Bitcoin Trust ETF by 19.2% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 6,782,398 shares of the company’s stock worth $440,856,000 after buying an additional 1,093,183 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Down 2.8%

Shares of IBIT stock opened at $35.22 on Tuesday. The company has a 50-day simple moving average of $38.98 and a 200 day simple moving average of $41.91. iShares Bitcoin Trust ETF has a 52 week low of $32.84 and a 52 week high of $71.82.

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.