iShares Bitcoin Trust (NASDAQ:IBIT) Stock Holdings Increased by Murchinson Ltd.

Murchinson Ltd. increased its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 87.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,642,535 shares of the company’s stock after acquiring an additional 764,575 shares during the period. iShares Bitcoin Trust makes up about 10.3% of Murchinson Ltd.’s holdings, making the stock its 2nd largest holding. Murchinson Ltd. owned about 0.46% of iShares Bitcoin Trust worth $56,076,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FinTrust Capital Advisors LLC acquired a new position in iShares Bitcoin Trust during the 1st quarter worth approximately $26,000. Creekmur Asset Management LLC acquired a new position in shares of iShares Bitcoin Trust during the first quarter worth $30,000. Sound Income Strategies LLC purchased a new position in iShares Bitcoin Trust in the first quarter valued at $30,000. Glass Jacobson Investment Advisors llc purchased a new position in iShares Bitcoin Trust in the second quarter valued at $26,000. Finally, International Assets Investment Management LLC acquired a new stake in iShares Bitcoin Trust in the second quarter valued at $31,000.

iShares Bitcoin Trust Stock Up 0.7 %

Shares of NASDAQ IBIT opened at $36.04 on Tuesday. iShares Bitcoin Trust has a 1 year low of $22.02 and a 1 year high of $41.99. The business has a 50-day moving average of $34.70 and a two-hundred day moving average of $36.37.

iShares Bitcoin Trust 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.