Ariose Capital Management Ltd Invests $4.69 Million in iShares Bitcoin Trust (NASDAQ:IBIT)

Ariose Capital Management Ltd purchased a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 88,400 shares of the company’s stock, valued at approximately $4,690,000. iShares Bitcoin Trust accounts for 3.9% of Ariose Capital Management Ltd’s holdings, making the stock its 6th biggest position.

A number of other large investors have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its position in iShares Bitcoin Trust by 42.6% in the second quarter. Envestnet Asset Management Inc. now owns 108,497 shares of the company’s stock worth $3,704,000 after buying an additional 32,416 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in iShares Bitcoin Trust in the 2nd quarter worth about $505,000. Thrivent Financial for Lutherans raised its stake in iShares Bitcoin Trust by 12.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 15,505 shares of the company’s stock valued at $529,000 after acquiring an additional 1,748 shares during the period. 1832 Asset Management L.P. purchased a new stake in iShares Bitcoin Trust during the second quarter valued at about $216,000. Finally, Fischer Investment Strategies LLC purchased a new stake in iShares Bitcoin Trust during the second quarter valued at about $531,000.

iShares Bitcoin Trust Trading Up 4.4 %

IBIT opened at $59.62 on Monday. The firm has a 50-day moving average price of $54.88 and a 200-day moving average price of $42.51. iShares Bitcoin Trust has a twelve month low of $22.02 and a twelve month high of $61.75.

About iShares Bitcoin Trust

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.