Fortis Capital Management LLC Has $672,000 Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

Fortis Capital Management LLC grew its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 38.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,667 shares of the company’s stock after purchasing an additional 3,493 shares during the quarter. Fortis Capital Management LLC’s holdings in iShares Bitcoin Trust were worth $672,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC grew its position in shares of iShares Bitcoin Trust by 6,401.8% in the fourth quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company’s stock valued at $246,430,000 after purchasing an additional 4,573,794 shares during the last quarter. NINE MASTS CAPITAL Ltd grew its position in shares of iShares Bitcoin Trust by 29.6% in the fourth quarter. NINE MASTS CAPITAL Ltd now owns 1,518,200 shares of the company’s stock valued at $80,541,000 after purchasing an additional 346,918 shares during the last quarter. Horizon Kinetics Asset Management LLC grew its position in shares of iShares Bitcoin Trust by 7.3% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 864,272 shares of the company’s stock valued at $45,850,000 after purchasing an additional 58,469 shares during the last quarter. Parallax Volatility Advisers L.P. grew its position in iShares Bitcoin Trust by 127.6% during the third quarter. Parallax Volatility Advisers L.P. now owns 660,000 shares of the company’s stock worth $23,846,000 after buying an additional 370,000 shares in the last quarter. Finally, Clear Street Derivatives LLC acquired a new stake in iShares Bitcoin Trust during the third quarter worth approximately $23,686,000.

iShares Bitcoin Trust Price Performance

Shares of NASDAQ:IBIT opened at $47.70 on Friday. iShares Bitcoin Trust has a 1 year low of $28.23 and a 1 year high of $61.75. The business’s 50 day simple moving average is $53.33 and its 200 day simple moving average is $48.19.

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.