Chiron Investment Management LLC lowered its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 59.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,520 shares of the company's stock after selling 15,614 shares during the period. Chiron Investment Management LLC's holdings in iShares Bitcoin Trust were worth $380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vienna Asset Management LLC increased its holdings in iShares Bitcoin Trust by 131.6% in the 3rd quarter. Vienna Asset Management LLC now owns 26,642 shares of the company's stock valued at $963,000 after purchasing an additional 15,137 shares during the last quarter. Garden State Investment Advisory Services LLC acquired a new stake in iShares Bitcoin Trust in the 3rd quarter valued at approximately $656,000. Capstone Investment Advisors LLC acquired a new stake in iShares Bitcoin Trust in the 3rd quarter valued at approximately $11,507,000. Marathon Trading Investment Management LLC increased its holdings in iShares Bitcoin Trust by 238.4% in the 3rd quarter. Marathon Trading Investment Management LLC now owns 77,600 shares of the company's stock valued at $2,804,000 after purchasing an additional 54,671 shares during the last quarter. Finally, Paragon Advisors LLC increased its holdings in iShares Bitcoin Trust by 54.8% in the 3rd quarter. Paragon Advisors LLC now owns 458,111 shares of the company's stock valued at $16,552,000 after purchasing an additional 162,178 shares during the last quarter.
iShares Bitcoin Trust Stock Performance
IBIT stock traded up $2.74 during midday trading on Wednesday, hitting $57.64. The company's stock had a trading volume of 39,099,116 shares, compared to its average volume of 34,544,566. iShares Bitcoin Trust has a 52-week low of $22.02 and a 52-week high of $59.16. The firm has a 50-day simple moving average of $45.16 and a 200-day simple moving average of $38.92.
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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