Spreng Capital Management Inc. purchased a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 18,553 shares of the company's stock, valued at approximately $984,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. bought a new position in iShares Bitcoin Trust in the 4th quarter worth $365,000. Capula Management Ltd lifted its holdings in iShares Bitcoin Trust by 8.7% in the fourth quarter. Capula Management Ltd now owns 9,268,886 shares of the company's stock worth $491,714,000 after buying an additional 743,930 shares during the period. Renaissance Technologies LLC bought a new stake in iShares Bitcoin Trust during the 4th quarter valued at approximately $4,430,000. Invesco Ltd. grew its holdings in shares of iShares Bitcoin Trust by 6.5% during the 4th quarter. Invesco Ltd. now owns 20,328 shares of the company's stock worth $1,078,000 after acquiring an additional 1,237 shares during the period. Finally, Concentrum Wealth Management purchased a new position in shares of iShares Bitcoin Trust during the 4th quarter worth approximately $5,617,000.
iShares Bitcoin Trust Trading Up 5.5 %
Shares of IBIT traded up $2.50 on Friday, reaching $47.67. The stock had a trading volume of 53,989,916 shares, compared to its average volume of 46,567,199. iShares Bitcoin Trust has a 12-month low of $28.23 and a 12-month high of $61.75. The company has a 50-day simple moving average of $49.70 and a 200-day simple moving average of $49.75.
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.
Recommended Stories
Before you consider iShares Bitcoin Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and iShares Bitcoin Trust wasn't on the list.
While iShares Bitcoin Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
