ExodusPoint Capital Management LP raised its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 849.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,423,900 shares of the company's stock after acquiring an additional 1,274,000 shares during the period. iShares Bitcoin Trust makes up approximately 0.5% of ExodusPoint Capital Management LP's holdings, making the stock its 17th biggest position. ExodusPoint Capital Management LP owned approximately 0.22% of iShares Bitcoin Trust worth $75,538,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in IBIT. Union Savings Bank purchased a new stake in iShares Bitcoin Trust during the fourth quarter valued at $25,000. Vision Financial Markets LLC bought a new stake in shares of iShares Bitcoin Trust during the 4th quarter valued at about $25,000. City Holding Co. increased its position in shares of iShares Bitcoin Trust by 95.2% during the 4th quarter. City Holding Co. now owns 488 shares of the company's stock valued at $26,000 after purchasing an additional 238 shares during the last quarter. Stephens Consulting LLC lifted its stake in shares of iShares Bitcoin Trust by 62.8% in the 4th quarter. Stephens Consulting LLC now owns 490 shares of the company's stock worth $26,000 after purchasing an additional 189 shares during the period. Finally, Crewe Advisors LLC lifted its stake in shares of iShares Bitcoin Trust by 151.0% in the 4th quarter. Crewe Advisors LLC now owns 502 shares of the company's stock worth $27,000 after purchasing an additional 302 shares during the period.
iShares Bitcoin Trust Stock Performance
NASDAQ IBIT traded down $2.84 during trading hours on Thursday, hitting $46.57. 40,408,500 shares of the company's stock traded hands, compared to its average volume of 44,465,242. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75. The business's fifty day moving average price is $51.69 and its two-hundred day moving average price is $49.08.
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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