Mubadala Investment Co PJSC bought a new position in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,235,533 shares of the company's stock, valued at approximately $436,895,000. iShares Bitcoin Trust comprises about 2.1% of Mubadala Investment Co PJSC's investment portfolio, making the stock its 2nd biggest holding. Mubadala Investment Co PJSC owned 0.80% of iShares Bitcoin Trust at the end of the most recent reporting period.
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 during the 4th quarter worth about $1,385,364,000. Symmetry Investments LP grew its holdings in iShares Bitcoin Trust 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. D. E. Shaw & Co. Inc. grew its holdings in iShares Bitcoin Trust 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. Jericho Capital Asset Management L.P. bought a new stake in iShares Bitcoin Trust during the 4th quarter worth about $378,140,000. Finally, Millennium Management LLC grew its holdings in iShares Bitcoin Trust by 27.0% during the 4th 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.
iShares Bitcoin Trust Stock Performance
iShares Bitcoin Trust stock traded up $0.53 during trading hours on Friday, reaching $59.20. 37,014,984 shares of the company's stock traded hands, compared to its average volume of 44,674,402. iShares Bitcoin Trust has a fifty-two week low of $28.23 and a fifty-two week high of $61.75. The firm's 50 day moving average is $50.37 and its 200-day moving average is $52.35.
About iShares Bitcoin Trust
(
Free Report)
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.
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