Rangeley Capital LLC bought a new stake in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,750 shares of the company's stock, valued at approximately $464,000.
Several other large investors have also recently bought and sold shares of the business. Proficio Capital Partners LLC lifted its position in shares of iShares Bitcoin Trust by 6,401.8% during the 4th quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company's stock worth $246,430,000 after buying an additional 4,573,794 shares during the last quarter. NINE MASTS CAPITAL Ltd raised its stake in iShares Bitcoin Trust by 29.6% during the 4th quarter. NINE MASTS CAPITAL Ltd now owns 1,518,200 shares of the company's stock worth $80,541,000 after acquiring an additional 346,918 shares in the last quarter. Horizon Kinetics Asset Management LLC lifted its position in iShares Bitcoin Trust by 7.3% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 864,272 shares of the company's stock valued at $45,850,000 after acquiring an additional 58,469 shares during the last quarter. LPL Financial LLC boosted its stake in iShares Bitcoin Trust by 485.5% in the fourth quarter. LPL Financial LLC now owns 752,583 shares of the company's stock valued at $39,925,000 after acquiring an additional 624,036 shares in the last quarter. Finally, Parallax Volatility Advisers L.P. grew its holdings in shares of iShares Bitcoin Trust by 127.6% during the third quarter. Parallax Volatility Advisers L.P. now owns 660,000 shares of the company's stock worth $23,846,000 after purchasing an additional 370,000 shares during the last quarter.
iShares Bitcoin Trust Stock Performance
Shares of IBIT stock traded down $2.84 during mid-day trading on Thursday, hitting $46.57. 40,408,500 shares of the stock were exchanged, compared to its average volume of 44,465,242. The stock's fifty day simple moving average is $51.69 and its two-hundred day simple moving average is $49.08. iShares Bitcoin Trust has a 12-month low of $28.23 and a 12-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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