Torno Capital LLC Takes Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Torno Capital LLC acquired a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 100,000 shares of the company’s stock, valued at approximately $5,305,000. iShares Bitcoin Trust accounts for about 0.5% of Torno Capital LLC’s investment portfolio, making the stock its 9th largest holding.

A number of other institutional investors have also recently modified their holdings of the business. Vision Financial Markets LLC purchased a new position in iShares Bitcoin Trust during the fourth quarter worth $25,000. Union Savings Bank purchased a new position in shares of iShares Bitcoin Trust in the 4th quarter valued at $25,000. City Holding Co. boosted its position in shares of iShares Bitcoin Trust by 95.2% in the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after buying an additional 238 shares during the period. Stephens Consulting LLC raised its stake in shares of iShares Bitcoin Trust by 62.8% during the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock valued at $26,000 after purchasing an additional 189 shares during the period. Finally, Crewe Advisors LLC lifted its holdings in iShares Bitcoin Trust by 151.0% in the 4th quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock worth $27,000 after buying an additional 302 shares in the last quarter.

iShares Bitcoin Trust Stock Performance

Shares of NASDAQ IBIT opened at $59.20 on Friday. The business has a 50 day moving average price of $50.61 and a two-hundred day moving average price of $52.55. iShares Bitcoin Trust has a fifty-two week low of $28.23 and a fifty-two week 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.