IvyRock Asset Management HK Ltd lowered its position in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 14.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 612,600 shares of the company's stock after selling 105,000 shares during the period. iShares Bitcoin Trust accounts for 14.3% of IvyRock Asset Management HK Ltd's portfolio, making the stock its 2nd largest holding. IvyRock Asset Management HK Ltd owned 0.09% of iShares Bitcoin Trust worth $32,498,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC lifted its position in shares of iShares Bitcoin Trust by 6,401.8% in the fourth quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company's stock worth $246,430,000 after buying an additional 4,573,794 shares during the last quarter. Clear Street Derivatives LLC acquired a new stake in iShares Bitcoin Trust in the 3rd quarter worth approximately $23,686,000. LPL Financial LLC boosted its position in iShares Bitcoin Trust by 485.5% during the fourth quarter. LPL Financial LLC now owns 752,583 shares of the company's stock worth $39,925,000 after purchasing an additional 624,036 shares during the period. Verde Servicos Internacionais S.A. grew its holdings in iShares Bitcoin Trust by 3,525.8% during the fourth quarter. Verde Servicos Internacionais S.A. now owns 435,100 shares of the company's stock valued at $23,082,000 after purchasing an additional 423,100 shares during the last quarter. Finally, Parallax Volatility Advisers L.P. raised its position in shares of iShares Bitcoin Trust by 127.6% in the third quarter. Parallax Volatility Advisers L.P. now owns 660,000 shares of the company's stock valued at $23,846,000 after purchasing an additional 370,000 shares during the period.
iShares Bitcoin Trust Price Performance
Shares of iShares Bitcoin Trust stock traded down $1.88 on Friday, reaching $47.56. The stock had a trading volume of 37,515,018 shares, compared to its average volume of 45,216,676. The business's 50-day moving average price is $52.64 and its two-hundred day moving average price is $48.78. iShares Bitcoin Trust has a fifty-two week low of $28.23 and a fifty-two week high of $61.75.
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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