Proathlete Wealth Management LLC Has $8.40 Million Stock Holdings in iShares Bitcoin Trust ETF $IBIT

Proathlete Wealth Management LLC boosted its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 12.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 216,802 shares of the company’s stock after buying an additional 24,585 shares during the quarter. iShares Bitcoin Trust ETF makes up about 2.3% of Proathlete Wealth Management LLC’s holdings, making the stock its 9th biggest position. Proathlete Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $8,398,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of IBIT. Morgan Stanley lifted its position in iShares Bitcoin Trust ETF by 21.5% during the 4th quarter. Morgan Stanley now owns 13,440,659 shares of the company’s stock worth $667,329,000 after acquiring an additional 2,374,482 shares during the last quarter. Mubadala Investment Co PJSC grew 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 last quarter. Laurore Ltd bought a new position in shares of iShares Bitcoin Trust ETF in the fourth quarter worth about $436,239,000. Al Warda Investments RSC Ltd increased its stake in shares of iShares Bitcoin Trust ETF by 3.2% in the fourth 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 during the period. Finally, Schonfeld Strategic Advisors LLC lifted its position 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 purchasing an additional 1,093,183 shares during the last quarter.

iShares Bitcoin Trust ETF Price Performance

NASDAQ IBIT opened at $34.87 on Friday. The stock has a 50-day simple moving average of $40.10 and a 200 day simple moving average of $42.58. iShares Bitcoin Trust ETF has a twelve month low of $32.84 and a twelve month high of $71.82.

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.