Clarius Group LLC Takes $290,000 Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Clarius Group LLC purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, HoldingsChannel reports. The firm purchased 5,468 shares of the company’s stock, valued at approximately $290,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its position in shares of iShares Bitcoin Trust by 42.6% during the second quarter. Envestnet Asset Management Inc. now owns 108,497 shares of the company’s stock worth $3,704,000 after purchasing an additional 32,416 shares during the period. Renaissance Technologies LLC acquired a new position in iShares Bitcoin Trust during the second quarter worth $505,000. Thrivent Financial for Lutherans lifted its stake in shares of iShares Bitcoin Trust by 12.7% in the second quarter. Thrivent Financial for Lutherans now owns 15,505 shares of the company’s stock valued at $529,000 after buying an additional 1,748 shares in the last quarter. 1832 Asset Management L.P. acquired a new position in shares of iShares Bitcoin Trust during the second quarter valued at about $216,000. Finally, Fischer Investment Strategies LLC bought a new stake in shares of iShares Bitcoin Trust during the second quarter worth about $531,000.

iShares Bitcoin Trust Stock Performance

IBIT opened at $59.62 on Monday. iShares Bitcoin Trust has a fifty-two week low of $22.02 and a fifty-two week high of $61.75. The company’s 50-day moving average is $54.88 and its 200 day moving average is $42.51.

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.