Pure Portfolios Holdings LLC purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 72,453 shares of the company's stock, valued at approximately $2,618,000. iShares Bitcoin Trust makes up about 1.0% of Pure Portfolios Holdings LLC's investment portfolio, making the stock its 26th largest position.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Aristeia Capital L.L.C. increased its holdings in iShares Bitcoin Trust by 47.2% in the second quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company's stock valued at $202,806,000 after buying an additional 1,903,644 shares in the last quarter. Sculptor Capital LP increased its stake in shares of iShares Bitcoin Trust by 188.1% in the 2nd quarter. Sculptor Capital LP now owns 3,392,812 shares of the company's stock valued at $115,831,000 after purchasing an additional 2,215,107 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in 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 purchasing an additional 2,486,608 shares during the period. Bracebridge Capital LLC purchased a new position in iShares Bitcoin Trust during the first quarter worth approximately $100,639,000. Finally, Point72 Asset Management L.P. acquired a new stake in iShares Bitcoin Trust in the second quarter valued at approximately $56,965,000.
iShares Bitcoin Trust Stock Up 2.7 %
Shares of iShares Bitcoin Trust stock traded up $1.02 on Friday, reaching $39.07. The company's stock had a trading volume of 39,820,519 shares, compared to its average volume of 30,326,688. iShares Bitcoin Trust has a 52-week low of $22.02 and a 52-week high of $41.99. The stock has a 50-day moving average price of $34.80 and a 200-day moving average price of $36.00.
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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