Bank of America Corp DE Has $21.78 Million Stock Position in iShares Bitcoin Trust ETF (NASDAQ:IBIT)

Bank of America Corp DE boosted its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT - Free Report) by 154.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 410,560 shares of the company's stock after purchasing an additional 249,292 shares during the period. Bank of America Corp DE owned about 0.06% of iShares Bitcoin Trust ETF worth $21,780,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Symmetry Investments LP grew its position in iShares Bitcoin Trust ETF by 3,605.8% during the 4th quarter. Symmetry Investments LP now owns 12,678,808 shares of the company's stock worth $672,611,000 after acquiring an additional 12,336,673 shares during the last quarter. Capula Management Ltd raised its holdings in shares of iShares Bitcoin Trust ETF by 8.7% during the fourth quarter. Capula Management Ltd now owns 9,268,886 shares of the company's stock valued at $491,714,000 after purchasing an additional 743,930 shares during the period. Tudor Investment Corp ET AL increased its stake in shares of iShares Bitcoin Trust ETF by 81.8% during the 4th quarter. Tudor Investment Corp ET AL now owns 8,048,552 shares of the company's stock worth $426,976,000 after purchasing an additional 3,620,322 shares during the last quarter. Jericho Capital Asset Management L.P. bought a new position in iShares Bitcoin Trust ETF in the 4th quarter valued at $378,140,000. Finally, Schonfeld Strategic Advisors LLC raised its position in iShares Bitcoin Trust ETF by 23.1% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 6,636,457 shares of the company's stock worth $352,064,000 after purchasing an additional 1,244,523 shares during the period.

iShares Bitcoin Trust ETF Stock Down 2.2%

IBIT stock traded down $1.40 during midday trading on Friday, reaching $61.83. 61,313,559 shares of the company's stock traded hands, compared to its average volume of 45,736,426. iShares Bitcoin Trust ETF has a 52-week low of $28.23 and a 52-week high of $63.70. The stock's 50-day moving average is $52.05 and its 200 day moving average is $53.37.

iShares Bitcoin Trust ETF Profile

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.