Pinpoint Asset Management Ltd trimmed its holdings in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 4.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,483,578 shares of the company's stock after selling 67,927 shares during the period. iShares Bitcoin Trust accounts for approximately 14.5% of Pinpoint Asset Management Ltd's holdings, making the stock its largest holding. Pinpoint Asset Management Ltd owned approximately 0.23% of iShares Bitcoin Trust worth $78,704,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of IBIT. Landscape Capital Management L.L.C. increased its stake in iShares Bitcoin Trust by 3.6% during the fourth quarter. Landscape Capital Management L.L.C. now owns 284,990 shares of the company's stock worth $15,119,000 after acquiring an additional 9,825 shares during the last quarter. ExodusPoint Capital Management LP raised its holdings in 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 valued at $75,538,000 after buying an additional 1,274,000 shares during the period. Spahn Wealth & Retirement LLC acquired a new position in iShares Bitcoin Trust during the fourth quarter valued at approximately $3,402,000. Arete Wealth Advisors LLC grew its stake in iShares Bitcoin Trust by 67.3% during the fourth quarter. Arete Wealth Advisors LLC now owns 23,131 shares of the company's stock worth $1,229,000 after buying an additional 9,304 shares during the period. Finally, World Investment Advisors increased its position in shares of iShares Bitcoin Trust by 126.2% in the fourth quarter. World Investment Advisors now owns 26,886 shares of the company's stock worth $1,426,000 after acquiring an additional 14,998 shares in the last quarter.
iShares Bitcoin Trust Stock Performance
Shares of NASDAQ:IBIT traded down $3.24 during midday trading on Monday, hitting $44.47. 70,869,877 shares of the company's stock traded hands, compared to its average volume of 45,187,164. The firm's fifty day moving average price is $51.45 and its two-hundred day moving average price is $49.39. iShares Bitcoin Trust has a twelve month low of $28.23 and a twelve month 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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