Cushing Capital Partners LLC purchased a new position in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,688 shares of the company's stock, valued at approximately $302,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Miller Financial Services LLC bought a new position in iShares Bitcoin Trust during the fourth quarter worth $240,000. O Dell Group LLC acquired a new position in shares of iShares Bitcoin Trust in the 4th quarter valued at about $213,000. Sage Mountain Advisors LLC acquired a new position in iShares Bitcoin Trust in the fourth quarter valued at approximately $307,000. Clare Market Investments LLC bought a new position in iShares Bitcoin Trust during the fourth quarter worth $9,247,000. Finally, Grant Street Asset Management Inc. grew its stake in shares of iShares Bitcoin Trust by 11.0% in the 4th quarter. Grant Street Asset Management Inc. now owns 11,656 shares of the company's stock valued at $618,000 after buying an additional 1,156 shares during the period.
iShares Bitcoin Trust Stock Performance
iShares Bitcoin Trust stock traded down $1.63 during midday trading on Thursday, reaching $45.52. The stock had a trading volume of 41,538,485 shares, compared to its average volume of 48,323,480. The company has a fifty day moving average price of $54.18 and a two-hundred day moving average price of $47.51. iShares Bitcoin Trust has a 12 month low of $28.23 and a 12 month 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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