FineMark National Bank & Trust acquired a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,138 shares of the company's stock, valued at approximately $538,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Proficio Capital Partners LLC raised its stake in shares of iShares Bitcoin Trust by 6,401.8% in the fourth quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company's stock worth $246,430,000 after acquiring an additional 4,573,794 shares during the last quarter. NINE MASTS CAPITAL Ltd boosted its position in shares of iShares Bitcoin Trust by 29.6% during the fourth quarter. NINE MASTS CAPITAL Ltd now owns 1,518,200 shares of the company's stock worth $80,541,000 after purchasing an additional 346,918 shares in the last quarter. Horizon Kinetics Asset Management LLC boosted its position in shares of iShares Bitcoin Trust by 7.3% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 864,272 shares of the company's stock worth $45,850,000 after purchasing an additional 58,469 shares in the last quarter. LPL Financial LLC grew its holdings in shares of iShares Bitcoin Trust by 485.5% in the 4th quarter. LPL Financial LLC now owns 752,583 shares of the company's stock valued at $39,925,000 after buying an additional 624,036 shares during the period. Finally, Parallax Volatility Advisers L.P. increased its position in shares of iShares Bitcoin Trust by 127.6% in the 3rd quarter. Parallax Volatility Advisers L.P. now owns 660,000 shares of the company's stock valued at $23,846,000 after buying an additional 370,000 shares in the last quarter.
iShares Bitcoin Trust Stock Performance
IBIT stock traded down $1.88 during midday trading on Friday, hitting $47.56. 37,515,018 shares of the company's stock were exchanged, compared to its average volume of 45,216,676. iShares Bitcoin Trust has a one year low of $28.23 and a one year high of $61.75. The stock's fifty day moving average price is $52.64 and its 200-day moving average price is $48.78.
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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