First Trust Advisors LP purchased a new position in 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 purchased 105,261 shares of the company's stock, valued at approximately $5,584,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of IBIT. Proficio Capital Partners LLC boosted its stake in shares of iShares Bitcoin Trust by 6,401.8% during the fourth quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company's stock valued at $246,430,000 after purchasing an additional 4,573,794 shares during the period. Barclays PLC purchased a new stake in iShares Bitcoin Trust in the 4th quarter valued at about $131,196,000. ExodusPoint Capital Management LP grew its stake in iShares Bitcoin Trust by 849.9% in the 4th quarter. ExodusPoint Capital Management LP now owns 1,423,900 shares of the company's stock worth $75,538,000 after acquiring an additional 1,274,000 shares in the last quarter. Capula Management Ltd increased its position in shares of iShares Bitcoin Trust by 8.7% during the fourth quarter. Capula Management Ltd now owns 9,268,886 shares of the company's stock worth $491,714,000 after acquiring an additional 743,930 shares during the period. Finally, LPL Financial LLC raised its stake in shares of iShares Bitcoin Trust by 485.5% during the fourth quarter. LPL Financial LLC now owns 752,583 shares of the company's stock valued at $39,925,000 after acquiring an additional 624,036 shares in the last quarter.
iShares Bitcoin Trust Price Performance
Shares of IBIT traded up $0.24 during mid-day trading on Friday, hitting $55.19. The company's stock had a trading volume of 43,282,599 shares, compared to its average volume of 45,728,766. iShares Bitcoin Trust has a 52-week low of $28.23 and a 52-week high of $61.75. The company's 50-day moving average is $48.86 and its 200-day moving average is $51.29.
iShares Bitcoin Trust Profile
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Free Report)
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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