683 Capital Management LLC Grows Stock Position in iShares Bitcoin Trust (NASDAQ:IBIT)

683 Capital Management LLC increased its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 10.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 275,000 shares of the company's stock after purchasing an additional 25,000 shares during the quarter. iShares Bitcoin Trust makes up approximately 0.9% of 683 Capital Management LLC's investment portfolio, making the stock its 21st largest position. 683 Capital Management LLC's holdings in iShares Bitcoin Trust were worth $14,589,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in IBIT. Andina Capital Management LLC raised its position in shares of iShares Bitcoin Trust by 131.0% in the fourth quarter. Andina Capital Management LLC now owns 17,152 shares of the company's stock valued at $910,000 after buying an additional 9,728 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in iShares Bitcoin Trust by 32.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company's stock valued at $1,357,000 after acquiring an additional 9,266 shares during the last quarter. Mutual Advisors LLC lifted its stake in iShares Bitcoin Trust by 65.8% in the 4th quarter. Mutual Advisors LLC now owns 157,060 shares of the company's stock worth $8,967,000 after purchasing an additional 62,338 shares in the last quarter. Stordahl Capital Management Inc. acquired a new position in shares of iShares Bitcoin Trust during the 4th quarter worth approximately $253,000. Finally, NINE MASTS CAPITAL Ltd grew its position in shares of iShares Bitcoin Trust by 29.6% in the fourth quarter. NINE MASTS CAPITAL Ltd now owns 1,518,200 shares of the company's stock valued at $80,541,000 after purchasing an additional 346,918 shares in the last quarter.

iShares Bitcoin Trust Price Performance

Shares of NASDAQ:IBIT traded up $0.24 during midday trading on Friday, hitting $55.19. The company had a trading volume of 43,282,599 shares, compared to its average volume of 45,728,766. The business's 50-day simple moving average is $48.86 and its 200-day simple moving average is $51.38. iShares Bitcoin Trust has a twelve month low of $28.23 and a twelve month high of $61.75.

iShares Bitcoin Trust Profile

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.