Equitable Trust Co. Buys Shares of 5,551 iShares Bitcoin Trust (NASDAQ:IBIT)

Equitable Trust Co. purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,551 shares of the company’s stock, valued at approximately $294,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in IBIT. IMC Chicago LLC purchased a new position in iShares Bitcoin Trust during the 3rd quarter worth $323,337,000. Horizon Kinetics Asset Management LLC grew its stake in shares of iShares Bitcoin Trust by 11.9% during the third quarter. Horizon Kinetics Asset Management LLC now owns 805,803 shares of the company’s stock worth $29,114,000 after acquiring an additional 85,763 shares during the last quarter. Parallax Volatility Advisers L.P. grew its stake in shares of iShares Bitcoin Trust by 127.6% during the third quarter. Parallax Volatility Advisers L.P. now owns 660,000 shares of the company’s stock worth $23,846,000 after acquiring an additional 370,000 shares during the last quarter. Clear Street Derivatives LLC acquired a new position in shares of iShares Bitcoin Trust during the third quarter valued at about $23,686,000. Finally, LMR Partners LLP raised its position in shares of iShares Bitcoin Trust by 350.0% in the 3rd quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock valued at $22,762,000 after purchasing an additional 490,000 shares during the last quarter.

iShares Bitcoin Trust Price Performance

NASDAQ:IBIT opened at $54.11 on Wednesday. iShares Bitcoin Trust has a twelve month low of $27.51 and a twelve month high of $61.75. The company’s 50 day moving average is $56.36 and its two-hundred day moving average is $45.04.

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.