Renaissance Technologies LLC Acquires Shares of 340,000 iShares Bitcoin Trust ETF $IBIT

Renaissance Technologies LLC bought a new position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 340,000 shares of the company’s stock, valued at approximately $13,063,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in IBIT. Semmax Financial Advisors Inc. lifted its position in shares of iShares Bitcoin Trust ETF by 135.9% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock valued at $33,000 after acquiring an additional 284 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. raised its stake in iShares Bitcoin Trust ETF by 12,500.0% during the 4th quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock valued at $25,000 after purchasing an additional 500 shares during the period. Sfam LLC acquired a new stake in iShares Bitcoin Trust ETF during the 4th quarter valued at $26,000. Key Capital Management INC acquired a new stake in iShares Bitcoin Trust ETF during the 4th quarter valued at $26,000. Finally, Vermillion & White Wealth Management Group LLC lifted its holdings in shares of iShares Bitcoin Trust ETF by 637.5% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 531 shares of the company’s stock valued at $26,000 after purchasing an additional 459 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ IBIT opened at $35.63 on Friday. iShares Bitcoin Trust ETF has a one year low of $32.84 and a one year high of $71.82. The business has a 50-day moving average price of $36.63 and a two-hundred day moving average price of $40.60.

iShares Bitcoin Trust ETF 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.