iShares Bitcoin Trust ETF $IBIT Stake Boosted by Foundation Wealth Management LLC

Foundation Wealth Management LLC lifted its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 7.2% in the second quarter, HoldingsChannel.com reports. The firm owned 88,910 shares of the company’s stock after purchasing an additional 5,986 shares during the quarter. iShares Bitcoin Trust ETF comprises about 3.8% of Foundation Wealth Management LLC’s investment portfolio, making the stock its 5th biggest holding. Foundation Wealth Management LLC’s holdings in iShares Bitcoin Trust ETF were worth $5,442,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Goldman Sachs Group Inc. raised its holdings in 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 valued at $1,443,239,000 after acquiring an additional 13,731,993 shares during the period. Mubadala Investment Co PJSC boosted its holdings in shares of iShares Bitcoin Trust ETF by 6.0% during the 1st quarter. Mubadala Investment Co PJSC now owns 8,726,972 shares of the company’s stock valued at $408,510,000 after purchasing an additional 491,439 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of iShares Bitcoin Trust ETF during the 2nd quarter valued at about $408,082,000. Crcm LP grew its position in shares of iShares Bitcoin Trust ETF by 4.7% during the first quarter. Crcm LP now owns 3,154,810 shares of the company’s stock valued at $147,677,000 after purchasing an additional 142,685 shares in the last quarter. Finally, BSN CAPITAL PARTNERS Ltd bought a new stake in shares of iShares Bitcoin Trust ETF in the first quarter worth about $133,168,000.

iShares Bitcoin Trust ETF Trading Up 2.1%

NASDAQ:IBIT opened at $71.29 on Tuesday. The business’s 50-day moving average is $65.18 and its 200 day moving average is $60.07. iShares Bitcoin Trust ETF has a 12 month low of $33.47 and a 12 month 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.