iShares Bitcoin Trust (NASDAQ:IBIT) Stake Raised by Beacon Financial Group

Beacon Financial Group boosted its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 7.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,383 shares of the company’s stock after acquiring an additional 1,390 shares during the quarter. Beacon Financial Group’s holdings in iShares Bitcoin Trust were worth $1,081,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. IMC Chicago LLC acquired a new stake in iShares Bitcoin Trust during the 3rd quarter worth about $323,337,000. Clear Street Derivatives LLC acquired a new stake in iShares Bitcoin Trust during the 3rd quarter worth about $23,686,000. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in iShares Bitcoin Trust during the 3rd quarter worth about $19,149,000. LMR Partners LLP raised its holdings in 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 buying an additional 490,000 shares during the period. Finally, Verde Servicos Internacionais S.A. raised its holdings in iShares Bitcoin Trust by 3,525.8% during the 4th quarter. Verde Servicos Internacionais S.A. now owns 435,100 shares of the company’s stock worth $23,082,000 after buying an additional 423,100 shares during the period.

iShares Bitcoin Trust Stock Performance

NASDAQ IBIT opened at $55.16 on Thursday. The stock’s 50-day moving average price is $56.36 and its two-hundred day moving average price is $45.15. iShares Bitcoin Trust has a 1 year low of $27.62 and a 1 year high of $61.75.

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.