Torno Capital LLC acquired a new stake in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 100,000 shares of the company's stock, valued at approximately $5,305,000. iShares Bitcoin Trust accounts for 0.5% of Torno Capital LLC's investment portfolio, making the stock its 9th biggest position.
Other institutional investors and hedge funds have also made changes to their positions in the company. Sentinus LLC acquired a new stake in shares of iShares Bitcoin Trust during the fourth quarter worth $443,000. Silvercrest Asset Management Group LLC raised its position in iShares Bitcoin Trust by 15.0% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 6,730 shares of the company's stock worth $357,000 after buying an additional 880 shares during the last quarter. Ratan Capital Management LP acquired a new stake in shares of iShares Bitcoin Trust in the 4th quarter worth $33,422,000. Riverview Capital Advisers LLC purchased a new stake in shares of iShares Bitcoin Trust in the fourth quarter valued at about $256,000. Finally, Quadcap Wealth Management LLC boosted its holdings in shares of iShares Bitcoin Trust by 36.5% in the fourth quarter. Quadcap Wealth Management LLC now owns 12,668 shares of the company's stock valued at $672,000 after acquiring an additional 3,385 shares in the last quarter.
iShares Bitcoin Trust Trading Up 1.4%
Shares of iShares Bitcoin Trust stock traded up $0.88 on Wednesday, reaching $61.79. 97,524,494 shares of the stock were exchanged, compared to its average volume of 45,343,801. iShares Bitcoin Trust has a 1-year low of $28.23 and a 1-year high of $62.53. The business has a fifty day moving average price of $51.18 and a two-hundred day moving average price of $52.84.
iShares Bitcoin Trust Company Profile
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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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