Kolinsky Wealth Management LLC bought a new stake in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,289 shares of the company's stock, valued at approximately $440,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Brevan Howard Capital Management LP acquired a new stake in shares of iShares Bitcoin Trust in the 4th quarter worth $1,385,364,000. Symmetry Investments LP grew its holdings in shares of iShares Bitcoin Trust 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 purchasing an additional 12,336,673 shares during the period. Mubadala Investment Co PJSC acquired a new stake in iShares Bitcoin Trust during the fourth quarter worth about $436,895,000. D. E. Shaw & Co. Inc. raised its stake in iShares Bitcoin Trust 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, Jericho Capital Asset Management L.P. acquired a new position in iShares Bitcoin Trust in the 4th quarter valued at about $378,140,000.
iShares Bitcoin Trust Stock Performance
IBIT opened at $60.91 on Wednesday. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75. The business has a fifty day simple moving average of $51.18 and a 200-day simple moving average of $52.84.
About iShares Bitcoin Trust
(
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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