StoneX Group Inc. Purchases New Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

StoneX Group Inc. acquired a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 50,690 shares of the company’s stock, valued at approximately $2,689,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gibson Capital LLC purchased a new position in iShares Bitcoin Trust during the fourth quarter worth about $268,000. Mosaic Financial Group LLC acquired a new stake in shares of iShares Bitcoin Trust during the 4th quarter worth approximately $284,000. Hoey Investments Inc. raised its position in shares of iShares Bitcoin Trust by 188.1% during the 4th quarter. Hoey Investments Inc. now owns 4,595 shares of the company’s stock valued at $244,000 after buying an additional 3,000 shares during the period. Edmond DE Rothschild Holding S.A. lifted its holdings in iShares Bitcoin Trust by 7.4% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 118,440 shares of the company’s stock valued at $6,283,000 after acquiring an additional 8,210 shares during the last quarter. Finally, FSB Premier Wealth Management Inc. purchased a new position in iShares Bitcoin Trust in the fourth quarter worth approximately $273,000.

iShares Bitcoin Trust Stock Performance

NASDAQ:IBIT opened at $48.30 on Wednesday. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75. The stock’s fifty day moving average is $52.14 and its two-hundred day moving average is $49.09.

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.