Empowered Funds LLC purchased a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 63,600 shares of the company's stock, valued at approximately $2,298,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IMC Chicago LLC purchased a new stake in shares of iShares Bitcoin Trust during the third quarter worth about $323,337,000. D. E. Shaw & Co. Inc. lifted its position in shares of iShares Bitcoin Trust by 1,657.7% during the second quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company's stock worth $90,014,000 after purchasing an additional 2,486,608 shares during the last quarter. Sculptor Capital LP increased its holdings in iShares Bitcoin Trust by 188.1% in the second quarter. Sculptor Capital LP now owns 3,392,812 shares of the company's stock valued at $115,831,000 after buying an additional 2,215,107 shares during the last quarter. Aristeia Capital L.L.C. raised its stake in iShares Bitcoin Trust by 47.2% during the second quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company's stock valued at $202,806,000 after buying an additional 1,903,644 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in iShares Bitcoin Trust during the 2nd quarter worth approximately $56,965,000.
iShares Bitcoin Trust Price Performance
Shares of NASDAQ IBIT traded up $0.80 during trading on Wednesday, reaching $53.50. The stock had a trading volume of 39,953,378 shares, compared to its average volume of 32,842,680. The firm's 50 day moving average price is $39.17 and its two-hundred day moving average price is $37.03. iShares Bitcoin Trust has a one year low of $22.02 and a one year high of $54.17.
iShares Bitcoin Trust Profile
(
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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