Discovery Capital Management LLC CT lowered its holdings in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 38.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 521,523 shares of the company's stock after selling 331,994 shares during the period. iShares Bitcoin Trust makes up 1.9% of Discovery Capital Management LLC CT's portfolio, making the stock its 18th biggest position. Discovery Capital Management LLC CT owned about 0.08% of iShares Bitcoin Trust worth $27,667,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of IBIT. Union Savings Bank acquired a new position in iShares Bitcoin Trust in the 4th quarter valued at approximately $25,000. Vision Financial Markets LLC acquired a new position in shares of iShares Bitcoin Trust in the fourth quarter worth $25,000. City Holding Co. raised its holdings in shares of iShares Bitcoin Trust by 95.2% during the fourth quarter. City Holding Co. now owns 488 shares of the company's stock worth $26,000 after acquiring an additional 238 shares in the last quarter. Stephens Consulting LLC raised its holdings in shares of iShares Bitcoin Trust by 62.8% during the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company's stock worth $26,000 after acquiring an additional 189 shares in the last quarter. Finally, Crewe Advisors LLC boosted its position in iShares Bitcoin Trust by 151.0% during the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company's stock valued at $27,000 after purchasing an additional 302 shares during the last quarter.
iShares Bitcoin Trust Stock Performance
NASDAQ IBIT traded up $1.49 on Tuesday, reaching $48.30. The stock had a trading volume of 29,908,505 shares, compared to its average volume of 44,623,449. iShares Bitcoin Trust has a 1 year low of $28.23 and a 1 year high of $61.75. The business has a 50 day moving average price of $52.14 and a 200 day moving average price of $49.09.
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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