Private Advisor Group LLC lifted its position in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 117.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 335,820 shares of the company's stock after purchasing an additional 181,700 shares during the quarter. Private Advisor Group LLC owned 0.05% of iShares Bitcoin Trust worth $12,133,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of IBIT. Bracebridge Capital LLC bought a new position in shares of iShares Bitcoin Trust during the first quarter valued at about $100,639,000. D. E. Shaw & Co. Inc. grew its position in iShares Bitcoin Trust by 1,657.7% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company's stock worth $90,014,000 after acquiring an additional 2,486,608 shares during the last quarter. Sculptor Capital LP increased its stake in iShares Bitcoin Trust by 188.1% in 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. Aristeia Capital L.L.C. increased its stake in iShares Bitcoin Trust by 47.2% in the 2nd quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company's stock worth $202,806,000 after purchasing an additional 1,903,644 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in iShares Bitcoin Trust in the second quarter valued at approximately $56,965,000.
iShares Bitcoin Trust Trading Down 2.2 %
NASDAQ:IBIT traded down $0.86 during midday trading on Friday, reaching $38.01. 51,285,892 shares of the stock traded hands, compared to its average volume of 30,353,623. The company has a fifty day moving average of $35.27 and a 200 day moving average of $36.00. iShares Bitcoin Trust has a 12 month low of $22.02 and a 12 month high of $41.99.
About iShares Bitcoin Trust
(
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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