iShares Bitcoin Trust (NASDAQ:IBIT) Shares Bought by 683 Capital Management LLC

683 Capital Management LLC lifted its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 10.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 275,000 shares of the company’s stock after buying an additional 25,000 shares during the quarter. iShares Bitcoin Trust makes up 0.9% of 683 Capital Management LLC’s investment portfolio, making the stock its 21st largest holding. 683 Capital Management LLC’s holdings in iShares Bitcoin Trust were worth $14,589,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of IBIT. SOA Wealth Advisors LLC. boosted its stake in shares of iShares Bitcoin Trust by 38.5% in the third quarter. SOA Wealth Advisors LLC. now owns 1,619 shares of the company’s stock valued at $58,000 after purchasing an additional 450 shares during the period. Pine Valley Investments Ltd Liability Co purchased a new position in iShares Bitcoin Trust in the third quarter valued at $353,000. World Investment Advisors LLC grew its stake in iShares Bitcoin Trust by 31.1% during the 3rd quarter. World Investment Advisors LLC now owns 11,888 shares of the company’s stock worth $430,000 after purchasing an additional 2,823 shares in the last quarter. Tidal Investments LLC increased its holdings in iShares Bitcoin Trust by 12.4% during the 3rd quarter. Tidal Investments LLC now owns 228,354 shares of the company’s stock worth $8,250,000 after purchasing an additional 25,232 shares during the period. Finally, Franklin Resources Inc. acquired a new stake in iShares Bitcoin Trust in the 3rd quarter valued at about $1,107,000.

iShares Bitcoin Trust Price Performance

Shares of iShares Bitcoin Trust stock opened at $54.95 on Friday. The business has a 50-day simple moving average of $48.76 and a 200-day simple moving average of $51.08. iShares Bitcoin Trust has a one year low of $28.23 and a one year high of $61.75.

About iShares Bitcoin Trust

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.