Jericho Capital Asset Management L.P. bought a new stake in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,128,000 shares of the company's stock, valued at approximately $378,140,000. iShares Bitcoin Trust makes up approximately 5.4% of Jericho Capital Asset Management L.P.'s portfolio, making the stock its 5th biggest holding. Jericho Capital Asset Management L.P. owned 1.10% of iShares Bitcoin Trust at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. SOA Wealth Advisors LLC. boosted its holdings in iShares Bitcoin Trust by 38.5% during the third quarter. SOA Wealth Advisors LLC. now owns 1,619 shares of the company's stock worth $58,000 after buying an additional 450 shares in the last quarter. Pine Valley Investments Ltd Liability Co acquired a new stake in shares of iShares Bitcoin Trust during the third quarter valued at $353,000. World Investment Advisors LLC boosted its position in iShares Bitcoin Trust by 31.1% during the third quarter. World Investment Advisors LLC now owns 11,888 shares of the company's stock worth $430,000 after acquiring an additional 2,823 shares during the last quarter. Tidal Investments LLC grew its holdings in iShares Bitcoin Trust by 12.4% in the 3rd quarter. Tidal Investments LLC now owns 228,354 shares of the company's stock valued at $8,250,000 after buying an additional 25,232 shares during the period. Finally, Franklin Resources Inc. purchased a new stake in shares of iShares Bitcoin Trust during the 3rd quarter valued at $1,107,000.
iShares Bitcoin Trust Trading Up 2.7 %
Shares of IBIT traded up $1.44 during midday trading on Thursday, reaching $54.95. 52,539,024 shares of the company were exchanged, compared to its average volume of 45,755,168. iShares Bitcoin Trust has a 1-year low of $28.23 and a 1-year high of $61.75. The stock has a 50-day moving average price of $48.76 and a 200-day moving average price of $51.08.
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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