Greenwich Wealth Management LLC Takes Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Greenwich Wealth Management LLC bought a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,962 shares of the company’s stock, valued at approximately $210,000.

Other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC grew its stake in shares of iShares Bitcoin Trust by 6,401.8% during the 4th quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company’s stock worth $246,430,000 after purchasing an additional 4,573,794 shares during the period. Clear Street Derivatives LLC purchased a new stake in iShares Bitcoin Trust during the third quarter worth $23,686,000. LMR Partners LLP grew its position in iShares Bitcoin Trust by 350.0% during the third quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock valued at $22,762,000 after buying an additional 490,000 shares during the period. Verde Servicos Internacionais S.A. increased its holdings in 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 buying an additional 423,100 shares in the last quarter. Finally, Parallax Volatility Advisers L.P. raised its position in shares of iShares Bitcoin Trust by 127.6% in the third quarter. Parallax Volatility Advisers L.P. now owns 660,000 shares of the company’s stock worth $23,846,000 after acquiring an additional 370,000 shares during the period.

iShares Bitcoin Trust Price Performance

IBIT stock opened at $48.14 on Monday. iShares Bitcoin Trust has a 52-week low of $28.23 and a 52-week high of $61.75. The company’s 50-day simple moving average is $54.02 and its 200-day simple moving average is $47.78.

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.