Montz Harcus Wealth Management LLC Has $1.36 Million Stock Position in iShares Bitcoin Trust ETF $IBIT

Montz Harcus Wealth Management LLC reduced its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 30.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 40,764 shares of the company’s stock after selling 18,217 shares during the quarter. iShares Bitcoin Trust ETF comprises 0.4% of Montz Harcus Wealth Management LLC’s holdings, making the stock its 28th largest holding. Montz Harcus Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,357,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in IBIT. Mubadala Investment Co PJSC increased its stake in shares of iShares Bitcoin Trust ETF by 45.6% in the 4th quarter. Mubadala Investment Co PJSC now owns 12,702,323 shares of the company’s stock valued at $630,670,000 after acquiring an additional 3,975,351 shares in the last quarter. Walleye Capital LLC grew its holdings in iShares Bitcoin Trust ETF by 332.4% in the first quarter. Walleye Capital LLC now owns 4,317,555 shares of the company’s stock worth $165,880,000 after purchasing an additional 3,319,115 shares during the period. Marshall Wace LLP grew its holdings in iShares Bitcoin Trust ETF by 229.8% in the fourth quarter. Marshall Wace LLP now owns 3,447,749 shares of the company’s stock worth $171,181,000 after purchasing an additional 2,402,259 shares during the period. Morgan Stanley grew its holdings in iShares Bitcoin Trust ETF by 21.5% in the fourth quarter. Morgan Stanley now owns 13,440,659 shares of the company’s stock worth $667,329,000 after purchasing an additional 2,374,482 shares during the period. Finally, Texas Capital Bank Wealth Management Services Inc increased its stake in iShares Bitcoin Trust ETF by 9,320.0% in the fourth quarter. Texas Capital Bank Wealth Management Services Inc now owns 2,032,648 shares of the company’s stock valued at $100,921,000 after purchasing an additional 2,011,070 shares in the last quarter.

iShares Bitcoin Trust ETF Trading Up 5.8%

Shares of NASDAQ IBIT opened at $46.35 on Friday. The firm’s 50-day moving average price is $37.85 and its 200-day moving average price is $39.40. iShares Bitcoin Trust ETF has a 1-year low of $32.84 and a 1-year high of $71.82.

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.