1776 Wealth LLC acquired a new position in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,581 shares of the company's stock, valued at approximately $508,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Proficio Capital Partners LLC increased its stake in shares of iShares Bitcoin Trust by 6,401.8% in the 4th 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 in the last quarter. Clear Street Derivatives LLC bought a new position in shares of iShares Bitcoin Trust during the third quarter valued at approximately $23,686,000. CloudAlpha Capital Management Limited Hong Kong purchased a new position in shares of iShares Bitcoin Trust during the third quarter valued at approximately $19,149,000. LMR Partners LLP lifted its holdings in shares of iShares Bitcoin Trust by 350.0% during the third quarter. LMR Partners LLP now owns 630,000 shares of the company's stock valued at $22,762,000 after purchasing an additional 490,000 shares during the last quarter. Finally, Verde Servicos Internacionais S.A. boosted its position in shares of iShares Bitcoin Trust by 3,525.8% in the 4th quarter. Verde Servicos Internacionais S.A. now owns 435,100 shares of the company's stock worth $23,082,000 after purchasing an additional 423,100 shares in the last quarter.
iShares Bitcoin Trust Stock Up 5.8 %
IBIT stock traded up $2.62 on Friday, reaching $48.14. 43,542,418 shares of the company traded hands, compared to its average volume of 48,252,988. The firm has a fifty day simple moving average of $54.02 and a 200-day simple moving average of $47.60. iShares Bitcoin Trust has a one year low of $28.23 and a one year high of $61.75.
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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