iShares Bitcoin Trust (NASDAQ:IBIT) is Murchinson Ltd.’s 3rd Largest Position

Murchinson Ltd. raised its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 87.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,642,535 shares of the company’s stock after buying an additional 764,575 shares during the quarter. iShares Bitcoin Trust comprises about 8.5% of Murchinson Ltd.’s investment portfolio, making the stock its 3rd biggest 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 large investors have also added to or reduced their stakes in the company. FinTrust Capital Advisors LLC purchased a new position in iShares Bitcoin Trust during the first quarter valued at $26,000. Creekmur Asset Management LLC purchased a new position in shares of iShares Bitcoin Trust in the first quarter worth $30,000. Sound Income Strategies LLC purchased a new position in shares of iShares Bitcoin Trust in the first quarter worth $30,000. Glass Jacobson Investment Advisors llc purchased a new position in shares of iShares Bitcoin Trust in the second quarter worth $26,000. Finally, International Assets Investment Management LLC purchased a new position in shares of iShares Bitcoin Trust in the second quarter worth $31,000.

iShares Bitcoin Trust Stock Performance

IBIT stock opened at $37.39 on Friday. iShares Bitcoin Trust has a 1-year low of $22.02 and a 1-year high of $41.99. The business has a fifty day moving average price of $34.67 and a 200-day moving average price of $36.33.

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.