Fermata Advisors LLC Grows Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Fermata Advisors LLC lifted its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 346.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 26,277 shares of the company’s stock after acquiring an additional 20,394 shares during the period. Fermata Advisors LLC’s holdings in iShares Bitcoin Trust were worth $1,394,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of IBIT. IMC Chicago LLC bought a new position in shares of iShares Bitcoin Trust during the 3rd quarter valued at $323,337,000. D. E. Shaw & Co. Inc. lifted its holdings in iShares Bitcoin Trust by 1,657.7% in the second quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company’s stock valued at $90,014,000 after acquiring an additional 2,486,608 shares during the period. Sculptor Capital LP lifted its holdings in iShares Bitcoin Trust by 188.1% in the second quarter. Sculptor Capital LP now owns 3,392,812 shares of the company’s stock valued at $115,831,000 after acquiring an additional 2,215,107 shares during the period. Aristeia Capital L.L.C. grew its stake in shares of iShares Bitcoin Trust by 47.2% during the 2nd quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company’s stock valued at $202,806,000 after purchasing an additional 1,903,644 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in shares of iShares Bitcoin Trust during the 2nd quarter valued at about $56,965,000.

iShares Bitcoin Trust Stock Performance

Shares of NASDAQ IBIT opened at $57.09 on Friday. iShares Bitcoin Trust has a 12-month low of $22.02 and a 12-month high of $61.75. The firm has a 50 day moving average of $54.56 and a 200 day moving average of $42.24.

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.