MRA Advisory Group Buys New Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

MRA Advisory Group acquired a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 56,787 shares of the company’s stock, valued at approximately $1,939,000. iShares Bitcoin Trust comprises approximately 1.1% of MRA Advisory Group’s investment portfolio, making the stock its 19th biggest holding.

Other hedge funds have also made changes to their positions in the company. Bracebridge Capital LLC acquired a new position in iShares Bitcoin Trust in the 1st quarter worth $100,639,000. Titan Global Capital Management USA LLC acquired a new stake in iShares Bitcoin Trust during the first quarter valued at approximately $65,558,000. Murchinson Ltd. acquired a new stake in shares of iShares Bitcoin Trust during the first quarter valued at approximately $35,531,000. Hunting Hill Global Capital LLC acquired a new position in iShares Bitcoin Trust in the 2nd quarter valued at approximately $25,614,000. Finally, Monolith Management Ltd acquired a new position in iShares Bitcoin Trust in the 1st quarter valued at approximately $24,416,000.

iShares Bitcoin Trust Stock Down 4.5 %

NASDAQ IBIT opened at $30.41 on Friday. The company has a fifty day simple moving average of $34.65 and a 200 day simple moving average of $36.35. iShares Bitcoin Trust has a 1 year low of $22.02 and a 1 year high of $41.99.

iShares Bitcoin Trust 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.