Ancient Art L.P. bought a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 134,000 shares of the company's stock, valued at approximately $7,109,000. iShares Bitcoin Trust accounts for approximately 1.5% of Ancient Art L.P.'s investment portfolio, making the stock its 13th biggest position.
Several other hedge funds have also bought and sold shares of IBIT. Pine Valley Investments Ltd Liability Co purchased a new position in shares of iShares Bitcoin Trust in the 3rd quarter worth $353,000. World Investment Advisors LLC boosted its stake in shares of iShares Bitcoin Trust by 31.1% during the 3rd quarter. World Investment Advisors LLC now owns 11,888 shares of the company's stock worth $430,000 after purchasing an additional 2,823 shares during the period. Franklin Resources Inc. bought a new stake in iShares Bitcoin Trust in the third quarter worth about $1,107,000. B. Riley Wealth Advisors Inc. raised its holdings in shares of iShares Bitcoin Trust by 32.2% in the third quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company's stock worth $1,357,000 after buying an additional 9,266 shares during the period. Finally, Franchise Capital Ltd bought a new position in iShares Bitcoin Trust in the 4th quarter valued at $5,005,000.
iShares Bitcoin Trust Trading Up 0.7 %
Shares of NASDAQ:IBIT traded up $0.39 during trading hours on Tuesday, hitting $54.02. The company's stock had a trading volume of 19,399,335 shares, compared to its average volume of 45,175,504. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75. The firm's fifty day moving average price is $48.97 and its 200 day moving average price is $51.48.
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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