Global Endowment Management LP Boosts Stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT)

Global Endowment Management LP grew its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 27.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 7,000 shares of the company’s stock after buying an additional 1,500 shares during the period. Global Endowment Management LP’s holdings in iShares Bitcoin Trust ETF were worth $328,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in IBIT. Brevan Howard Capital Management LP purchased a new stake in shares of iShares Bitcoin Trust ETF during the 4th quarter valued at $1,385,364,000. Goldman Sachs Group Inc. raised its position in iShares Bitcoin Trust ETF by 80.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 30,831,854 shares of the company’s stock worth $1,443,239,000 after purchasing an additional 13,731,993 shares during the period. Symmetry Investments LP raised its position in iShares Bitcoin Trust ETF by 3,605.8% in the 4th quarter. Symmetry Investments LP now owns 12,678,808 shares of the company’s stock worth $672,611,000 after purchasing an additional 12,336,673 shares during the period. Mubadala Investment Co PJSC purchased a new position in iShares Bitcoin Trust ETF in the 4th quarter worth $436,895,000. Finally, D. E. Shaw & Co. Inc. raised its position in iShares Bitcoin Trust ETF by 344.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 9,667,431 shares of the company’s stock worth $512,857,000 after purchasing an additional 7,494,123 shares during the period.

iShares Bitcoin Trust ETF Trading Down 0.9%

Shares of NASDAQ:IBIT opened at $66.44 on Friday. The company’s fifty day moving average is $64.04 and its 200 day moving average is $56.78. iShares Bitcoin Trust ETF has a 52 week low of $30.24 and a 52 week high of $69.89.

iShares Bitcoin Trust ETF 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.