Sara Bay Financial Boosts Holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT)

Sara Bay Financial lifted its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 3,080.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 198,002 shares of the company’s stock after purchasing an additional 191,777 shares during the quarter. iShares Bitcoin Trust ETF accounts for approximately 4.2% of Sara Bay Financial’s holdings, making the stock its 7th biggest holding. Sara Bay Financial’s holdings in iShares Bitcoin Trust ETF were worth $9,417,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Brevan Howard Capital Management LP bought a new stake in iShares Bitcoin Trust ETF during the 4th quarter worth about $1,385,364,000. Symmetry Investments LP grew its holdings in iShares Bitcoin Trust ETF by 3,605.8% during the 4th quarter. Symmetry Investments LP now owns 12,678,808 shares of the company’s stock worth $672,611,000 after acquiring an additional 12,336,673 shares during the last quarter. Mubadala Investment Co PJSC bought a new stake in iShares Bitcoin Trust ETF during the 4th quarter worth about $436,895,000. D. E. Shaw & Co. Inc. grew its holdings in iShares Bitcoin Trust ETF by 344.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 9,667,431 shares of the company’s stock worth $512,857,000 after acquiring an additional 7,494,123 shares during the last quarter. Finally, Jericho Capital Asset Management L.P. acquired a new position in iShares Bitcoin Trust ETF during the 4th quarter valued at about $378,140,000.

iShares Bitcoin Trust ETF Stock Performance

iShares Bitcoin Trust ETF stock opened at $59.26 on Friday. iShares Bitcoin Trust ETF has a 1 year low of $28.23 and a 1 year high of $63.70. The company’s 50-day moving average is $54.36 and its two-hundred day moving average is $54.00.

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.