Financial Enhancement Group LLC acquired a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 68,486 shares of the company’s stock, valued at approximately $3,645,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. IMC Chicago LLC bought a new stake in iShares Bitcoin Trust during the third quarter worth about $323,337,000. D. E. Shaw & Co. Inc. increased its holdings in iShares Bitcoin Trust by 1,657.7% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company’s stock valued at $90,014,000 after purchasing an additional 2,486,608 shares in the last quarter. Sculptor Capital LP raised its position in iShares Bitcoin Trust by 188.1% in the 2nd quarter. Sculptor Capital LP now owns 3,392,812 shares of the company’s stock valued at $115,831,000 after purchasing an additional 2,215,107 shares during the last quarter. Aristeia Capital L.L.C. raised its position in iShares Bitcoin Trust by 47.2% in the 2nd quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company’s stock valued at $202,806,000 after purchasing an additional 1,903,644 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in iShares Bitcoin Trust in the second quarter worth $56,965,000.
iShares Bitcoin Trust Stock Performance
Shares of IBIT stock opened at $56.64 on Thursday. The stock’s fifty day moving average is $54.29 and its 200-day moving average is $42.14. iShares Bitcoin Trust has a 52 week low of $22.02 and a 52 week high of $61.75.
iShares Bitcoin Trust 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.
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