Tortoise Investment Management LLC Has $223,000 Stake in iShares Bitcoin Trust ETF $IBIT

Tortoise Investment Management LLC increased its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 257.5% during the first quarter, HoldingsChannel reports. The fund owned 4,755 shares of the company’s stock after buying an additional 3,425 shares during the period. Tortoise Investment Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $223,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Goldman Sachs Group Inc. raised its holdings in shares of iShares Bitcoin Trust ETF by 80.3% during the first quarter. Goldman Sachs Group Inc. now owns 30,831,854 shares of the company’s stock worth $1,443,239,000 after acquiring an additional 13,731,993 shares during the period. Millennium Management LLC raised its holdings in shares of iShares Bitcoin Trust ETF by 27.0% during 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 period. Brevan Howard Capital Management LP acquired a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter worth $1,385,364,000. D. E. Shaw & Co. Inc. raised its holdings in shares of iShares Bitcoin Trust ETF by 344.8% during 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 period. Finally, Mubadala Investment Co PJSC acquired a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter worth $436,895,000.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ:IBIT opened at $63.58 on Friday. iShares Bitcoin Trust ETF has a 12 month low of $30.24 and a 12 month high of $69.89. The company’s fifty day simple moving average is $64.70 and its 200 day simple moving average is $57.25.

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.