Raymond James Financial Inc. acquired a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,876 shares of the company's stock, valued at approximately $365,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IBIT. Capula Management Ltd boosted its stake in iShares Bitcoin Trust by 8.7% during the 4th 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 last quarter. Renaissance Technologies LLC acquired a new position in shares of iShares Bitcoin Trust in the 4th quarter valued at $4,430,000. Invesco Ltd. grew its holdings in shares of iShares Bitcoin Trust by 6.5% in the 4th quarter. Invesco Ltd. now owns 20,328 shares of the company's stock valued at $1,078,000 after buying an additional 1,237 shares during the period. Concentrum Wealth Management acquired a new stake in shares of iShares Bitcoin Trust during the fourth quarter worth about $5,617,000. Finally, Cerity Partners LLC lifted its stake in iShares Bitcoin Trust by 82.0% in the fourth quarter. Cerity Partners LLC now owns 342,999 shares of the company's stock valued at $18,196,000 after buying an additional 154,494 shares in the last quarter.
iShares Bitcoin Trust Price Performance
IBIT stock traded down $0.78 during trading hours on Monday, reaching $57.88. 43,888,541 shares of the stock were exchanged, compared to its average volume of 45,020,973. The firm's 50-day moving average is $49.60 and its 200-day moving average is $51.98. iShares Bitcoin Trust has a 12 month low of $28.23 and a 12 month high of $61.75.
iShares Bitcoin Trust Profile
(
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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