Elequin Capital LP raised its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT - Free Report) by 67,452.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 528,260 shares of the company's stock after purchasing an additional 527,478 shares during the period. iShares Bitcoin Trust ETF accounts for approximately 2.2% of Elequin Capital LP's portfolio, making the stock its 5th largest position. Elequin Capital LP owned 0.05% of iShares Bitcoin Trust ETF worth $28,024,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the business. Vision Financial Markets LLC bought a new position in iShares Bitcoin Trust ETF in the 4th quarter valued at about $25,000. City Holding Co. increased its holdings in iShares Bitcoin Trust ETF by 95.2% in the 4th quarter. City Holding Co. now owns 488 shares of the company's stock worth $26,000 after acquiring an additional 238 shares during the last quarter. Stephens Consulting LLC boosted its holdings in iShares Bitcoin Trust ETF by 62.8% in the 4th quarter. Stephens Consulting LLC now owns 490 shares of the company's stock worth $26,000 after buying an additional 189 shares during the period. Crewe Advisors LLC boosted its stake in iShares Bitcoin Trust ETF by 151.0% in 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. Finally, Beacon Capital Management LLC purchased a new stake in shares of iShares Bitcoin Trust ETF in the 4th quarter valued at about $28,000.
iShares Bitcoin Trust ETF Price Performance
Shares of IBIT traded down $1.40 during midday trading on Monday, reaching $61.83. The stock had a trading volume of 61,313,559 shares, compared to its average volume of 45,736,426. The company's 50-day moving average is $52.05 and its 200 day moving average is $53.37. iShares Bitcoin Trust ETF has a 12-month low of $28.23 and a 12-month 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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