D. E. Shaw & Co. Inc. raised its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 344.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,667,431 shares of the company's stock after acquiring an additional 7,494,123 shares during the quarter. iShares Bitcoin Trust makes up 0.4% of D. E. Shaw & Co. Inc.'s portfolio, making the stock its 23rd largest holding. D. E. Shaw & Co. Inc. owned 1.50% of iShares Bitcoin Trust worth $512,857,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of IBIT. Union Savings Bank purchased a new position in shares of iShares Bitcoin Trust in the 4th quarter worth $25,000. Vision Financial Markets LLC purchased a new position in shares of iShares Bitcoin Trust during the 4th quarter worth about $25,000. City Holding Co. boosted its stake in shares of iShares Bitcoin Trust by 95.2% during the 4th quarter. City Holding Co. now owns 488 shares of the company's stock worth $26,000 after purchasing an additional 238 shares during the period. Stephens Consulting LLC boosted its stake in shares of iShares Bitcoin Trust by 62.8% during the 4th quarter. Stephens Consulting LLC now owns 490 shares of the company's stock worth $26,000 after purchasing an additional 189 shares during the period. Finally, Crewe Advisors LLC boosted its stake in shares of iShares Bitcoin Trust by 151.0% during the 4th quarter. Crewe Advisors LLC now owns 502 shares of the company's stock worth $27,000 after purchasing an additional 302 shares during the period.
iShares Bitcoin Trust Price Performance
Shares of IBIT stock traded down $0.78 during trading hours on Monday, reaching $57.88. 43,750,140 shares of the stock were exchanged, compared to its average volume of 45,017,863. iShares Bitcoin Trust has a 12-month low of $28.23 and a 12-month high of $61.75. The company's 50-day moving average price is $49.60 and its 200-day moving average price is $51.98.
iShares Bitcoin Trust Company 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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