iShares Bitcoin Trust (NASDAQ:IBIT) Shares Bought by Cobblestone Asset Management LLC

Cobblestone Asset Management LLC boosted its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 10.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 85,227 shares of the company’s stock after purchasing an additional 8,291 shares during the period. iShares Bitcoin Trust makes up approximately 1.9% of Cobblestone Asset Management LLC’s portfolio, making the stock its 16th biggest holding. Cobblestone Asset Management LLC’s holdings in iShares Bitcoin Trust were worth $3,079,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IBIT. Bracebridge Capital LLC acquired a new stake in iShares Bitcoin Trust during the 1st quarter worth about $100,639,000. D. E. Shaw & Co. Inc. grew its position in shares of 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 acquiring an additional 2,486,608 shares during the period. Sculptor Capital LP grew its position in shares of iShares Bitcoin Trust by 188.1% during the 2nd quarter. Sculptor Capital LP now owns 3,392,812 shares of the company’s stock valued at $115,831,000 after acquiring an additional 2,215,107 shares during the period. Aristeia Capital L.L.C. grew its position in shares of iShares Bitcoin Trust by 47.2% during 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 acquiring an additional 1,903,644 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in shares of iShares Bitcoin Trust during the 2nd quarter valued at about $56,965,000.

iShares Bitcoin Trust Stock Performance

NASDAQ:IBIT opened at $39.07 on Friday. iShares Bitcoin Trust has a 52 week low of $22.02 and a 52 week high of $41.99. The stock’s 50-day moving average price is $34.80 and its 200-day moving average price is $36.02.

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.