One Capital Management LLC Makes New $477,000 Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

One Capital Management LLC bought a new position in iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 8,984 shares of the company’s stock, valued at approximately $477,000.

A number of other hedge funds and other institutional investors have also modified their holdings of IBIT. Raymond James Financial Inc. purchased a new position in shares of iShares Bitcoin Trust during the 4th quarter worth $365,000. Vision Financial Markets LLC purchased a new position in shares of iShares Bitcoin Trust during the 4th quarter worth $25,000. Proficio Capital Partners LLC grew its holdings in shares of iShares Bitcoin Trust by 87.3% during the 4th quarter. Proficio Capital Partners LLC now owns 133,805 shares of the company’s stock worth $7,098,000 after purchasing an additional 62,360 shares during the period. J.Safra Asset Management Corp purchased a new position in shares of iShares Bitcoin Trust during the 4th quarter worth $760,000. Finally, Cypress Capital Group purchased a new position in shares of iShares Bitcoin Trust during the 4th quarter worth $290,000.

iShares Bitcoin Trust Trading Down 2.4 %

NASDAQ IBIT opened at $49.43 on Friday. iShares Bitcoin Trust has a twelve month low of $28.23 and a twelve month high of $61.75. The stock has a fifty day simple moving average of $54.78 and a 200-day simple moving average of $47.20.

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.