Stratos Wealth Advisors LLC bought a new stake in iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,659 shares of the company’s stock, valued at approximately $241,000.
A number of other institutional investors have also added to or reduced their stakes in the company. Aristeia Capital L.L.C. increased its stake in iShares Bitcoin Trust by 47.2% in the second 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 last quarter. Sculptor Capital LP increased its stake in iShares Bitcoin Trust by 188.1% in the second 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 last quarter. D. E. Shaw & Co. Inc. grew its stake in shares of iShares Bitcoin Trust by 1,657.7% during the second quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company’s stock valued at $90,014,000 after buying an additional 2,486,608 shares during the last quarter. Bracebridge Capital LLC bought a new position in shares of iShares Bitcoin Trust during the first quarter valued at about $100,639,000. Finally, Point72 Asset Management L.P. bought a new position in shares of iShares Bitcoin Trust during the second quarter valued at about $56,965,000.
iShares Bitcoin Trust Stock Down 0.4 %
Shares of NASDAQ:IBIT opened at $38.41 on Wednesday. The stock’s 50-day moving average price is $34.98 and its 200-day moving average price is $35.99. iShares Bitcoin Trust has a 12-month low of $22.02 and a 12-month high of $41.99.
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.
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