Verus Financial Partners Inc. bought a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,122 shares of the company’s stock, valued at approximately $250,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. IMC Chicago LLC purchased a new stake in iShares Bitcoin Trust in the 3rd quarter valued at approximately $323,337,000. Bracebridge Capital LLC purchased a new stake in shares of iShares Bitcoin Trust in the first quarter valued at $100,639,000. D. E. Shaw & Co. Inc. boosted its stake in shares of iShares Bitcoin Trust by 1,657.7% during 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 last quarter. Sculptor Capital LP increased 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 worth $115,831,000 after purchasing an additional 2,215,107 shares in the last quarter. Finally, Aristeia Capital L.L.C. raised its stake in iShares Bitcoin Trust by 47.2% in the 2nd quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company’s stock valued at $202,806,000 after purchasing an additional 1,903,644 shares during the last quarter.
iShares Bitcoin Trust Stock Up 0.2 %
iShares Bitcoin Trust stock opened at $43.69 on Friday. The firm’s 50-day moving average is $36.55 and its two-hundred day moving average is $36.24. iShares Bitcoin Trust has a 12-month low of $22.02 and a 12-month high of $44.09.
About iShares Bitcoin Trust
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.
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