Redhawk Wealth Advisors Inc. Boosts Holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT)

Redhawk Wealth Advisors Inc. raised its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 40.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,409 shares of the company’s stock after acquiring an additional 4,437 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in iShares Bitcoin Trust ETF were worth $721,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Millennium Management LLC lifted its stake in iShares Bitcoin Trust ETF by 27.0% in the fourth quarter. Millennium Management LLC now owns 29,850,198 shares of the company’s stock worth $1,583,553,000 after acquiring an additional 6,352,197 shares during the last quarter. Brevan Howard Capital Management LP purchased a new position in iShares Bitcoin Trust ETF in the fourth quarter worth approximately $1,385,364,000. Symmetry Investments LP lifted its stake in iShares Bitcoin Trust ETF by 3,605.8% in the fourth 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. D. E. Shaw & Co. Inc. lifted its stake in iShares Bitcoin Trust ETF by 344.8% in the fourth 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, Capula Management Ltd lifted its stake in iShares Bitcoin Trust ETF by 8.7% in the fourth quarter. Capula Management Ltd now owns 9,268,886 shares of the company’s stock worth $491,714,000 after acquiring an additional 743,930 shares during the last quarter.

iShares Bitcoin Trust ETF Trading Down 0.7%

Shares of iShares Bitcoin Trust ETF stock opened at $61.84 on Thursday. iShares Bitcoin Trust ETF has a 52-week low of $28.23 and a 52-week high of $63.70. The company has a 50 day moving average of $55.20 and a 200 day moving average of $54.14.

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.