Stonebridge Financial Group LLC bought a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,569 shares of the company’s stock, valued at approximately $242,000.
A number of other hedge funds have also recently added to or reduced their stakes in the business. IMC Chicago LLC purchased a new position in shares of iShares Bitcoin Trust during the 3rd quarter worth about $323,337,000. Clear Street Derivatives LLC purchased a new position in iShares Bitcoin Trust during the third quarter worth approximately $23,686,000. CloudAlpha Capital Management Limited Hong Kong acquired a new position in shares of iShares Bitcoin Trust in the 3rd quarter valued at $19,149,000. LMR Partners LLP grew its stake in shares of iShares Bitcoin Trust by 350.0% during the 3rd quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock valued at $22,762,000 after buying an additional 490,000 shares during the period. Finally, Verde Servicos Internacionais S.A. increased its holdings in shares of iShares Bitcoin Trust by 3,525.8% during the 4th quarter. Verde Servicos Internacionais S.A. now owns 435,100 shares of the company’s stock worth $23,082,000 after buying an additional 423,100 shares during the last quarter.
iShares Bitcoin Trust Stock Down 2.3 %
Shares of IBIT opened at $54.11 on Wednesday. iShares Bitcoin Trust has a twelve month low of $27.51 and a twelve month high of $61.75. The stock’s fifty day simple moving average is $56.36 and its 200 day simple moving average is $45.04.
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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