Forte Asset Management LLC lifted its position in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 223.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 89,705 shares of the company's stock after purchasing an additional 61,966 shares during the quarter. iShares Bitcoin Trust comprises about 1.7% of Forte Asset Management LLC's holdings, making the stock its 20th biggest holding. Forte Asset Management LLC's holdings in iShares Bitcoin Trust were worth $3,241,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of IBIT. IMC Chicago LLC purchased a new stake in iShares Bitcoin Trust in the third quarter valued at $323,337,000. Aristeia Capital L.L.C. raised its holdings 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 valued at $202,806,000 after buying an additional 1,903,644 shares during the period. Sculptor Capital LP lifted its position in iShares Bitcoin Trust by 188.1% in the second quarter. Sculptor Capital LP now owns 3,392,812 shares of the company's stock valued at $115,831,000 after buying an additional 2,215,107 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in iShares Bitcoin Trust by 1,657.7% during the second 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 period. Finally, Bracebridge Capital LLC purchased a new position in iShares Bitcoin Trust during the first quarter worth about $100,639,000.
iShares Bitcoin Trust Stock Performance
Shares of IBIT stock traded down $0.41 during trading hours on Friday, hitting $39.37. The company had a trading volume of 49,765,939 shares, compared to its average volume of 30,914,936. The company's fifty day moving average is $35.76 and its 200 day moving average is $36.03. iShares Bitcoin Trust has a fifty-two week low of $22.02 and a fifty-two week high of $41.99.
iShares Bitcoin Trust 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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