Investment Management Corp VA ADV bought a new stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,447 shares of the company's stock, valued at approximately $289,000.
Other large investors also recently added to or reduced their stakes in the company. Millennium Management LLC increased its stake in iShares Bitcoin Trust ETF by 27.0% during the fourth quarter. Millennium Management LLC now owns 29,850,198 shares of the company's stock worth $1,583,553,000 after acquiring an additional 6,352,197 shares during the last quarter. Brevan Howard Capital Management LP acquired a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter valued at about $1,385,364,000. Symmetry Investments LP grew its stake in shares of iShares Bitcoin Trust ETF by 3,605.8% in the fourth quarter. Symmetry Investments LP now owns 12,678,808 shares of the company's stock valued at $672,611,000 after buying an additional 12,336,673 shares in the last quarter. D. E. Shaw & Co. Inc. increased its stake in iShares Bitcoin Trust ETF by 344.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 9,667,431 shares of the company's stock worth $512,857,000 after purchasing an additional 7,494,123 shares during the period. Finally, Capula Management Ltd increased its stake in iShares Bitcoin Trust ETF 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 buying an additional 743,930 shares during the period.
iShares Bitcoin Trust ETF Price Performance
IBIT stock traded down $1.53 during mid-day trading on Wednesday, reaching $60.97. The company had a trading volume of 26,425,582 shares, compared to its average volume of 45,570,637. The firm has a fifty day simple moving average of $52.61 and a 200 day simple moving average of $53.56. iShares Bitcoin Trust ETF has a fifty-two week low of $28.23 and a fifty-two week high of $63.70.
About iShares Bitcoin Trust ETF
(
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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