Pennington Partners & CO. LLC Increases Holdings in iShares Bitcoin Trust ETF $IBIT

Pennington Partners & CO. LLC increased its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 23.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,401 shares of the company’s stock after purchasing an additional 16,342 shares during the quarter. iShares Bitcoin Trust ETF accounts for approximately 1.2% of Pennington Partners & CO. LLC’s investment portfolio, making the stock its 12th largest holding. Pennington Partners & CO. LLC’s holdings in iShares Bitcoin Trust ETF were worth $3,358,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Laurore Ltd purchased a new stake in shares of iShares Bitcoin Trust ETF in the 4th quarter valued at $436,239,000. Mubadala Investment Co PJSC raised 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 last quarter. Walleye Capital LLC raised its holdings in shares of iShares Bitcoin Trust ETF by 332.4% during the first 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 last quarter. Marshall Wace LLP lifted its position in iShares Bitcoin Trust ETF by 229.8% during the fourth quarter. Marshall Wace LLP now owns 3,447,749 shares of the company’s stock valued at $171,181,000 after purchasing an additional 2,402,259 shares during the period. Finally, Morgan Stanley lifted 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 valued at $667,329,000 after purchasing an additional 2,374,482 shares during the period.

iShares Bitcoin Trust ETF Stock Down 1.8%

NASDAQ:IBIT opened at $36.65 on Friday. The firm’s fifty day moving average is $37.54 and its two-hundred day moving average is $41.18. iShares Bitcoin Trust ETF has a one year low of $32.84 and a one year 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.