RPO LLC increased its stake in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 79.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,857 shares of the company's stock after acquiring an additional 13,250 shares during the period. iShares Bitcoin Trust makes up approximately 0.9% of RPO LLC's investment portfolio, making the stock its 8th biggest position. RPO LLC's holdings in iShares Bitcoin Trust were worth $1,079,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. BNP Paribas Financial Markets acquired a new stake in iShares Bitcoin Trust in the 1st quarter worth approximately $42,000. Covestor Ltd bought a new position in shares of iShares Bitcoin Trust in the first quarter worth about $107,000. Bessemer Group Inc. bought a new stake in shares of iShares Bitcoin Trust during the 1st quarter valued at $65,000. InterOcean Capital Group LLC bought a new stake in shares of iShares Bitcoin Trust in the 1st quarter valued at $205,000. Finally, Sax Wealth Advisors LLC bought a new stake in shares of iShares Bitcoin Trust during the first quarter worth $227,000.
iShares Bitcoin Trust Trading Up 1.9 %
Shares of iShares Bitcoin Trust stock traded up $1.02 on Wednesday, reaching $53.72. 69,664,586 shares of the company were exchanged, compared to its average volume of 32,986,336. The company has a 50-day moving average of $39.17 and a 200 day moving average of $37.03. iShares Bitcoin Trust has a one year low of $22.02 and a one year high of $54.17.
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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