Pacific Point Advisors LLC bought a new stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 6,000 shares of the company's stock, valued at approximately $318,000.
Other institutional investors have also modified their holdings of the company. Brevan Howard Capital Management LP purchased a new position in iShares Bitcoin Trust ETF during the 4th quarter valued at about $1,385,364,000. Symmetry Investments LP raised its holdings in shares of 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 valued at $672,611,000 after purchasing an additional 12,336,673 shares in the last quarter. Mubadala Investment Co PJSC acquired a new stake in shares of iShares Bitcoin Trust ETF in the fourth quarter worth about $436,895,000. D. E. Shaw & Co. Inc. grew its stake in iShares Bitcoin Trust ETF by 344.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 9,667,431 shares of the company's stock valued at $512,857,000 after buying an additional 7,494,123 shares during the last quarter. Finally, Jericho Capital Asset Management L.P. bought a new position in iShares Bitcoin Trust ETF during the fourth quarter worth $378,140,000.
iShares Bitcoin Trust ETF Stock Down 2.0%
IBIT stock traded down $1.26 during midday trading on Wednesday, hitting $61.24. The stock had a trading volume of 28,173,138 shares, compared to its average volume of 45,591,938. The stock has a 50-day simple moving average of $52.61 and a 200 day simple moving average of $53.56. iShares Bitcoin Trust ETF has a 52 week low of $28.23 and a 52 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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