Millennium Management LLC increased its stake in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 27.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,850,198 shares of the company's stock after buying an additional 6,352,197 shares during the quarter. iShares Bitcoin Trust makes up 0.8% of Millennium Management LLC's holdings, making the stock its 2nd biggest position. Millennium Management LLC owned about 2.90% of iShares Bitcoin Trust worth $1,583,553,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in IBIT. Union Savings Bank acquired a new stake in iShares Bitcoin Trust in the fourth quarter valued at about $25,000. Vision Financial Markets LLC bought a new stake in iShares Bitcoin Trust in the fourth quarter worth approximately $25,000. City Holding Co. increased its holdings in iShares Bitcoin Trust by 95.2% in the fourth quarter. City Holding Co. now owns 488 shares of the company's stock worth $26,000 after purchasing an additional 238 shares in the last quarter. Stephens Consulting LLC increased its holdings in shares of iShares Bitcoin Trust by 62.8% during the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company's stock valued at $26,000 after acquiring an additional 189 shares in the last quarter. Finally, Crewe Advisors LLC increased its holdings in shares of iShares Bitcoin Trust by 151.0% during the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company's stock valued at $27,000 after acquiring an additional 302 shares in the last quarter.
iShares Bitcoin Trust Trading Up 0.9%
iShares Bitcoin Trust stock traded up $0.53 during trading on Friday, hitting $59.20. 37,014,984 shares of the company were exchanged, compared to its average volume of 44,674,402. The business's 50 day moving average is $50.61 and its 200 day moving average is $52.55. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75.
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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