SVB Wealth LLC Acquires Shares of 48,519 iShares Bitcoin Trust (NASDAQ:IBIT)

SVB Wealth LLC bought a new position in iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, Holdings Channel reports. The fund bought 48,519 shares of the company’s stock, valued at approximately $2,574,000.

Other hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC grew its holdings in 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 valued at $246,430,000 after buying an additional 4,573,794 shares in the last quarter. Horizon Kinetics Asset Management LLC boosted its position in shares of iShares Bitcoin Trust by 11.9% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 805,803 shares of the company’s stock valued at $29,114,000 after acquiring an additional 85,763 shares during the last quarter. Parallax Volatility Advisers L.P. grew its holdings 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 valued at $23,846,000 after purchasing an additional 370,000 shares in the last quarter. Clear Street Derivatives LLC bought a new stake in iShares Bitcoin Trust in the third quarter worth $23,686,000. Finally, LMR Partners LLP raised its stake 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 purchasing an additional 490,000 shares in the last quarter.

iShares Bitcoin Trust Stock Performance

Shares of NASDAQ IBIT opened at $47.90 on Friday. The business has a fifty day moving average price of $55.25 and a 200 day moving average price of $46.72. iShares Bitcoin Trust has a 1-year low of $28.23 and a 1-year 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.