Gerber Kawasaki Wealth & Investment Management lifted its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 50.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 51,942 shares of the company's stock after acquiring an additional 17,341 shares during the quarter. Gerber Kawasaki Wealth & Investment Management's holdings in iShares Bitcoin Trust were worth $2,756,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Symmetry Investments LP grew its position in shares of iShares Bitcoin Trust by 3,605.8% during the fourth quarter. Symmetry Investments LP now owns 12,678,808 shares of the company's stock worth $672,611,000 after purchasing an additional 12,336,673 shares in the last quarter. Proficio Capital Partners LLC grew its holdings in iShares Bitcoin Trust by 6,401.8% during the 4th quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company's stock valued at $246,430,000 after buying an additional 4,573,794 shares in the last quarter. Barclays PLC bought a new stake in shares of iShares Bitcoin Trust during the fourth quarter valued at approximately $131,196,000. ExodusPoint Capital Management LP lifted its holdings in shares of iShares Bitcoin Trust by 849.9% in the fourth quarter. ExodusPoint Capital Management LP now owns 1,423,900 shares of the company's stock worth $75,538,000 after buying an additional 1,274,000 shares in the last quarter. Finally, Capula Management Ltd boosted its position in shares of iShares Bitcoin Trust by 8.7% during the fourth quarter. Capula Management Ltd now owns 9,268,886 shares of the company's stock worth $491,714,000 after acquiring an additional 743,930 shares during the last quarter.
iShares Bitcoin Trust Trading Up 1.9 %
Shares of NASDAQ IBIT opened at $54.27 on Friday. iShares Bitcoin Trust has a 52-week low of $28.23 and a 52-week high of $61.75. The firm's fifty day moving average is $48.79 and its two-hundred day moving average is $50.68.
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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