Strong Tower Advisory Services grew its stake in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 51.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 282,326 shares of the company's stock after purchasing an additional 96,252 shares during the quarter. iShares Bitcoin Trust makes up about 2.8% of Strong Tower Advisory Services' holdings, making the stock its 10th largest position. Strong Tower Advisory Services' holdings in iShares Bitcoin Trust were worth $10,200,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently modified their holdings of IBIT. Aristeia Capital L.L.C. lifted its holdings in iShares Bitcoin Trust by 47.2% during the second quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company's stock worth $202,806,000 after acquiring an additional 1,903,644 shares during the period. Sculptor Capital LP raised its stake in shares of iShares Bitcoin Trust by 188.1% during the 2nd quarter. Sculptor Capital LP now owns 3,392,812 shares of the company's stock worth $115,831,000 after purchasing an additional 2,215,107 shares during the period. D. E. Shaw & Co. Inc. boosted its holdings in shares of iShares Bitcoin Trust by 1,657.7% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company's stock worth $90,014,000 after buying an additional 2,486,608 shares during the last quarter. Bracebridge Capital LLC purchased a new stake in iShares Bitcoin Trust during the first quarter worth about $100,639,000. Finally, Point72 Asset Management L.P. bought a new stake in iShares Bitcoin Trust in the second quarter worth about $56,965,000.
iShares Bitcoin Trust Stock Up 5.9 %
IBIT traded up $1.99 during midday trading on Friday, reaching $35.94. The company had a trading volume of 32,980,652 shares, compared to its average volume of 30,152,916. iShares Bitcoin Trust has a 12-month low of $22.02 and a 12-month high of $41.99. The business has a 50-day moving average price of $34.22 and a two-hundred day moving average price of $36.11.
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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