Castle Hook Partners LP 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 & Exchange Commission. The fund bought 732,884 shares of the company's stock, valued at approximately $38,879,000. Castle Hook Partners LP owned approximately 0.11% of iShares Bitcoin Trust at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Andina Capital Management LLC increased its stake in iShares Bitcoin Trust by 131.0% in the 4th quarter. Andina Capital Management LLC now owns 17,152 shares of the company's stock valued at $910,000 after buying an additional 9,728 shares during the last quarter. Mutual Advisors LLC boosted its position in iShares Bitcoin Trust by 65.8% during the fourth quarter. Mutual Advisors LLC now owns 157,060 shares of the company's stock valued at $8,967,000 after purchasing an additional 62,338 shares during the last quarter. Stordahl Capital Management Inc. bought a new position in iShares Bitcoin Trust in the fourth quarter valued at approximately $253,000. NINE MASTS CAPITAL Ltd raised its stake in shares of iShares Bitcoin Trust by 29.6% during the 4th quarter. NINE MASTS CAPITAL Ltd now owns 1,518,200 shares of the company's stock worth $80,541,000 after purchasing an additional 346,918 shares in the last quarter. Finally, Lake Street Advisors Group LLC grew its stake in shares of iShares Bitcoin Trust by 71.3% in the fourth quarter. Lake Street Advisors Group LLC now owns 40,791 shares of the company's stock valued at $2,164,000 after buying an additional 16,982 shares in the last quarter.
iShares Bitcoin Trust Stock Performance
Shares of IBIT traded up $1.04 during midday trading on Friday, reaching $58.66. The stock had a trading volume of 36,276,376 shares, compared to its average volume of 45,032,004. The firm has a 50 day simple moving average of $49.42 and a 200-day simple moving average of $51.65. iShares Bitcoin Trust has a one year low of $28.23 and a one year high of $61.75.
iShares Bitcoin Trust Company 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.
Recommended Stories
Before you consider iShares Bitcoin Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and iShares Bitcoin Trust wasn't on the list.
While iShares Bitcoin Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
