8,000 Shares in iShares Bitcoin Trust (NASDAQ:IBIT) Bought by Avalon Capital Management

Avalon Capital Management purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 8,000 shares of the company’s stock, valued at approximately $424,000.

A number of other institutional investors also recently added to or reduced their stakes in IBIT. IMC Chicago LLC acquired a new position in iShares Bitcoin Trust during the 3rd quarter worth $323,337,000. Clear Street Derivatives LLC acquired a new position in iShares Bitcoin Trust during the 3rd quarter worth $23,686,000. CloudAlpha Capital Management Limited Hong Kong acquired a new position in iShares Bitcoin Trust during the 3rd quarter worth $19,149,000. LMR Partners LLP boosted its position in iShares Bitcoin Trust by 350.0% during the 3rd quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock worth $22,762,000 after acquiring an additional 490,000 shares during the period. Finally, Verde Servicos Internacionais S.A. boosted its position in iShares Bitcoin Trust by 3,525.8% during the 4th quarter. Verde Servicos Internacionais S.A. now owns 435,100 shares of the company’s stock worth $23,082,000 after acquiring an additional 423,100 shares during the period.

iShares Bitcoin Trust Trading Down 0.9 %

Shares of IBIT stock opened at $53.41 on Tuesday. The stock has a fifty day moving average of $56.07 and a two-hundred day moving average of $46.27. iShares Bitcoin Trust has a 1 year low of $28.23 and a 1 year high of $61.75.

iShares Bitcoin Trust Company Profile

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.