Sentinus LLC acquired a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,349 shares of the company's stock, valued at approximately $443,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Brevan Howard Capital Management LP bought a new position in shares of iShares Bitcoin Trust during the fourth quarter worth $1,385,364,000. Symmetry Investments LP boosted its position 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 purchasing an additional 12,336,673 shares in the last quarter. Mubadala Investment Co PJSC bought a new position in shares of iShares Bitcoin Trust during the fourth quarter worth $436,895,000. D. E. Shaw & Co. Inc. boosted its position 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 purchasing an additional 7,494,123 shares in the last quarter. Finally, Jericho Capital Asset Management L.P. bought a new stake in iShares Bitcoin Trust in the 4th quarter valued at $378,140,000.
iShares Bitcoin Trust Stock Performance
Shares of iShares Bitcoin Trust stock traded up $0.92 during trading on Tuesday, reaching $60.91. The stock had a trading volume of 49,178,407 shares, compared to its average volume of 44,787,797. The stock has a fifty day moving average price of $50.87 and a two-hundred day moving average price of $52.79. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75.
iShares Bitcoin Trust 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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