Two Sigma Securities LLC purchased a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 57,103 shares of the company's stock, valued at approximately $3,029,000. iShares Bitcoin Trust makes up 0.4% of Two Sigma Securities LLC's investment portfolio, making the stock its 18th largest position.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Union Savings Bank bought a new stake in shares of iShares Bitcoin Trust in the 4th quarter worth about $25,000. Vision Financial Markets LLC acquired a new position in iShares Bitcoin Trust in the fourth quarter worth about $25,000. City Holding Co. grew its stake in iShares Bitcoin Trust by 95.2% in the fourth quarter. City Holding Co. now owns 488 shares of the company's stock worth $26,000 after purchasing an additional 238 shares in the last quarter. Stephens Consulting LLC increased its holdings in iShares Bitcoin Trust by 62.8% in the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company's stock valued at $26,000 after buying an additional 189 shares during the last quarter. Finally, Crewe Advisors LLC raised its stake in iShares Bitcoin Trust by 151.0% during the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company's stock valued at $27,000 after buying an additional 302 shares in the last quarter.
iShares Bitcoin Trust Price Performance
Shares of IBIT traded up $1.01 during mid-day trading on Friday, hitting $54.27. The stock had a trading volume of 48,008,306 shares, compared to its average volume of 46,148,855. iShares Bitcoin Trust has a fifty-two week low of $28.23 and a fifty-two week high of $61.75. The company's fifty day simple moving average is $48.79 and its two-hundred day simple moving average is $50.68.
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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