Global Endowment Management LP Takes $292,000 Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Global Endowment Management LP purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 5,500 shares of the company’s stock, valued at approximately $292,000.

A number of other large investors also recently bought and sold shares of IBIT. Capula Management Ltd boosted its stake in shares of iShares Bitcoin Trust by 8.7% during the fourth quarter. Capula Management Ltd now owns 9,268,886 shares of the company’s stock valued at $491,714,000 after purchasing an additional 743,930 shares during the period. Proficio Capital Partners LLC boosted its position in iShares Bitcoin Trust by 6,401.8% in the 4th quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company’s stock valued at $246,430,000 after buying an additional 4,573,794 shares during the period. Barclays PLC bought a new position in iShares Bitcoin Trust in the 4th quarter worth about $131,196,000. NINE MASTS CAPITAL Ltd increased its position in shares of iShares Bitcoin Trust by 29.6% during the fourth quarter. NINE MASTS CAPITAL Ltd now owns 1,518,200 shares of the company’s stock worth $80,541,000 after acquiring an additional 346,918 shares during the period. Finally, ExodusPoint Capital Management LP boosted its holdings in shares of iShares Bitcoin Trust by 849.9% in the fourth quarter. ExodusPoint Capital Management LP now owns 1,423,900 shares of the company’s stock valued at $75,538,000 after purchasing an additional 1,274,000 shares during the period.

iShares Bitcoin Trust Stock Performance

IBIT opened at $47.96 on Thursday. The stock’s fifty day moving average is $49.28 and its two-hundred day moving average is $49.80. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week 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.