Proathlete Wealth Management LLC Purchases 724 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Proathlete Wealth Management LLC grew its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 0.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,735 shares of the company’s stock after purchasing an additional 724 shares during the period. iShares Bitcoin Trust makes up 1.8% of Proathlete Wealth Management LLC’s portfolio, making the stock its 15th biggest holding. Proathlete Wealth Management LLC’s holdings in iShares Bitcoin Trust were worth $4,471,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bracebridge Capital LLC bought a new stake in iShares Bitcoin Trust in the first quarter valued at approximately $100,639,000. D. E. Shaw & Co. Inc. increased its position in shares of iShares Bitcoin Trust by 1,657.7% in the second quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company’s stock valued at $90,014,000 after acquiring an additional 2,486,608 shares during the period. Sculptor Capital LP raised its position in iShares Bitcoin Trust by 188.1% during the 2nd quarter. Sculptor Capital LP now owns 3,392,812 shares of the company’s stock valued at $115,831,000 after purchasing an additional 2,215,107 shares during the last quarter. Aristeia Capital L.L.C. raised its holdings in shares of iShares Bitcoin Trust by 47.2% during the second quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company’s stock valued at $202,806,000 after acquiring an additional 1,903,644 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in iShares Bitcoin Trust in the second quarter worth $56,965,000.

iShares Bitcoin Trust Price Performance

Shares of iShares Bitcoin Trust stock opened at $39.07 on Friday. The company’s fifty day simple moving average is $34.80 and its two-hundred day simple moving average is $36.01. iShares Bitcoin Trust has a 12-month low of $22.02 and a 12-month high of $41.99.

iShares Bitcoin Trust 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.