Sovran Advisors LLC Makes New $9.80 Million Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Sovran Advisors LLC acquired a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 178,711 shares of the company’s stock, valued at approximately $9,799,000. iShares Bitcoin Trust accounts for approximately 1.4% of Sovran Advisors LLC’s portfolio, making the stock its 13th largest position.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. IMC Chicago LLC acquired a new stake in shares of iShares Bitcoin Trust in the 3rd quarter valued at $323,337,000. Clear Street Derivatives LLC acquired a new stake in shares of iShares Bitcoin Trust in the 3rd quarter valued at $23,686,000. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in shares of iShares Bitcoin Trust in the 3rd quarter valued at $19,149,000. LMR Partners LLP boosted its holdings 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 in the last quarter. Finally, Verde Servicos Internacionais S.A. boosted its holdings in shares of iShares Bitcoin Trust by 3,525.8% in the 4th quarter. Verde Servicos Internacionais S.A. now owns 435,100 shares of the company’s stock valued at $23,082,000 after purchasing an additional 423,100 shares in the last quarter.

iShares Bitcoin Trust Stock Up 1.7 %

Shares of IBIT stock opened at $55.38 on Tuesday. The stock’s fifty day moving average price is $56.35 and its two-hundred day moving average price is $44.91. iShares Bitcoin Trust has a fifty-two week low of $27.51 and a fifty-two week high of $61.75.

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.