Napa Wealth Management bought a new position in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 28,860 shares of the company's stock, valued at approximately $1,531,000.
Other hedge funds also recently bought and sold shares of the company. Brevan Howard Capital Management LP acquired a new stake in shares of iShares Bitcoin Trust during the fourth quarter worth $1,385,364,000. Symmetry Investments LP raised its holdings in shares of iShares Bitcoin Trust by 3,605.8% during the fourth quarter. Symmetry Investments LP now owns 12,678,808 shares of the company's stock worth $672,611,000 after acquiring an additional 12,336,673 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in shares of iShares Bitcoin Trust by 344.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 9,667,431 shares of the company's stock worth $512,857,000 after acquiring an additional 7,494,123 shares during the period. Jericho Capital Asset Management L.P. acquired a new stake in shares of iShares Bitcoin Trust during the fourth quarter worth $378,140,000. Finally, Millennium Management LLC raised its holdings in shares of iShares Bitcoin Trust by 27.0% during the fourth quarter. Millennium Management LLC now owns 29,850,198 shares of the company's stock worth $1,583,553,000 after acquiring an additional 6,352,197 shares during the period.
iShares Bitcoin Trust Trading Up 0.9%
Shares of NASDAQ:IBIT traded up $0.53 during midday trading on Friday, reaching $59.20. 37,014,984 shares of the company were exchanged, compared to its average volume of 44,674,402. iShares Bitcoin Trust has a fifty-two week low of $28.23 and a fifty-two week high of $61.75. The stock has a fifty day simple moving average of $50.37 and a two-hundred day simple moving average of $52.35.
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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