Avestar Capital LLC Grows Stock Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Avestar Capital LLC raised its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 25.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,119 shares of the company’s stock after acquiring an additional 16,650 shares during the quarter. Avestar Capital LLC’s holdings in iShares Bitcoin Trust were worth $4,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. IMC Chicago LLC bought a new stake in shares of iShares Bitcoin Trust during the 3rd quarter valued at $323,337,000. Clear Street Derivatives LLC bought a new stake in shares of iShares Bitcoin Trust during the third quarter valued at about $23,686,000. CloudAlpha Capital Management Limited Hong Kong bought a new stake in shares of iShares Bitcoin Trust during the third quarter valued at about $19,149,000. LMR Partners LLP lifted its holdings in shares of iShares Bitcoin Trust by 350.0% in the third 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 in the last quarter. Finally, Verde Servicos Internacionais S.A. boosted its position in shares of iShares Bitcoin Trust by 3,525.8% in the fourth quarter. Verde Servicos Internacionais S.A. now owns 435,100 shares of the company’s stock valued at $23,082,000 after acquiring an additional 423,100 shares during the period.

iShares Bitcoin Trust Stock Up 1.9 %

Shares of NASDAQ:IBIT opened at $55.16 on Thursday. iShares Bitcoin Trust has a 12 month low of $27.62 and a 12 month high of $61.75. The company has a 50 day moving average of $56.36 and a 200 day moving average of $45.15.

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.