Cape Investment Advisory Inc. Has $1.10 Million Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Cape Investment Advisory Inc. raised its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 12.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,697 shares of the company’s stock after buying an additional 2,284 shares during the period. Cape Investment Advisory Inc.’s holdings in iShares Bitcoin Trust were worth $1,098,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC increased its position in shares of iShares Bitcoin Trust by 6,401.8% in the fourth quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company’s stock valued at $246,430,000 after acquiring an additional 4,573,794 shares during the last quarter. Horizon Kinetics Asset Management LLC increased its position in shares of iShares Bitcoin Trust by 11.9% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 805,803 shares of the company’s stock worth $29,114,000 after purchasing an additional 85,763 shares during the last quarter. Parallax Volatility Advisers L.P. increased its position in shares of iShares Bitcoin Trust by 127.6% during the 3rd quarter. Parallax Volatility Advisers L.P. now owns 660,000 shares of the company’s stock worth $23,846,000 after purchasing 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 3rd quarter worth approximately $23,686,000. Finally, LMR Partners LLP increased its position in shares of iShares Bitcoin Trust by 350.0% during the 3rd quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock worth $22,762,000 after purchasing an additional 490,000 shares during the last quarter.

iShares Bitcoin Trust Stock Performance

Shares of IBIT opened at $47.90 on Friday. iShares Bitcoin Trust has a 1-year low of $28.23 and a 1-year high of $61.75. The company’s fifty day simple moving average is $55.25 and its 200 day simple moving average is $46.72.

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.