Oak Barrel Wealth Advisory LLC Invests $616,000 in iShares Bitcoin Trust ETF $IBIT

Oak Barrel Wealth Advisory LLC bought a new stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 18,500 shares of the company’s stock, valued at approximately $616,000. iShares Bitcoin Trust ETF comprises approximately 0.3% of Oak Barrel Wealth Advisory LLC’s portfolio, making the stock its 28th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. 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 last quarter. Mubadala Investment Co PJSC raised its position in shares of iShares Bitcoin Trust ETF by 45.6% during the 4th quarter. Mubadala Investment Co PJSC now owns 12,702,323 shares of the company’s stock valued at $630,670,000 after buying an additional 3,975,351 shares in the last quarter. Laurore Ltd bought a new position in shares of iShares Bitcoin Trust ETF in the 4th quarter valued at about $436,239,000. Al Warda Investments RSC Ltd lifted its holdings in shares of iShares Bitcoin Trust ETF by 3.2% in the 4th quarter. Al Warda Investments RSC Ltd now owns 8,218,712 shares of the company’s stock valued at $408,059,000 after acquiring an additional 255,319 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC grew its position in iShares Bitcoin Trust ETF by 19.2% in the third quarter. Schonfeld Strategic Advisors LLC now owns 6,782,398 shares of the company’s stock worth $440,856,000 after acquiring an additional 1,093,183 shares in the last quarter.

iShares Bitcoin Trust ETF Price Performance

Shares of NASDAQ IBIT opened at $36.42 on Tuesday. The business’s 50 day moving average is $35.89 and its two-hundred day moving average is $39.27. iShares Bitcoin Trust ETF has a 1-year low of $32.84 and a 1-year high of $71.82.

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.