Nwam LLC Purchases Shares of 9,244 iShares Bitcoin Trust (NASDAQ:IBIT)

Nwam LLC purchased a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 9,244 shares of the company’s stock, valued at approximately $334,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IBIT. IMC Chicago LLC purchased a new position in shares of iShares Bitcoin Trust in the third quarter worth about $323,337,000. D. E. Shaw & Co. Inc. raised its stake in shares of 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 worth $90,014,000 after purchasing an additional 2,486,608 shares during the last quarter. Sculptor Capital LP raised its stake in shares of iShares Bitcoin Trust by 188.1% in the second quarter. Sculptor Capital LP now owns 3,392,812 shares of the company’s stock worth $115,831,000 after purchasing an additional 2,215,107 shares during the last quarter. Aristeia Capital L.L.C. raised its stake in shares of iShares Bitcoin Trust by 47.2% in the second quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company’s stock worth $202,806,000 after purchasing an additional 1,903,644 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of iShares Bitcoin Trust in the second quarter worth about $56,965,000.

iShares Bitcoin Trust Stock Up 1.1 %

iShares Bitcoin Trust stock opened at $56.49 on Monday. iShares Bitcoin Trust has a 52 week low of $22.02 and a 52 week high of $56.86. The business’s 50-day moving average price is $40.50 and its 200 day moving average price is $37.43.

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.