Citrine Capital LLC Takes $325,000 Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Citrine Capital LLC bought a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 6,119 shares of the company’s stock, valued at approximately $325,000.

Several other institutional investors and hedge funds also recently made changes to their positions in IBIT. Renaissance Technologies LLC purchased a new stake in iShares Bitcoin Trust during the second quarter worth about $505,000. Truist Financial Corp increased its holdings in iShares Bitcoin Trust by 17.2% during the second quarter. Truist Financial Corp now owns 9,801 shares of the company’s stock worth $335,000 after buying an additional 1,436 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in iShares Bitcoin Trust during the second quarter worth about $392,000. Park Avenue Securities LLC purchased a new stake in iShares Bitcoin Trust during the third quarter worth about $919,000. Finally, Dynamic Advisor Solutions LLC purchased a new stake in iShares Bitcoin Trust during the third quarter worth about $247,000.

iShares Bitcoin Trust Stock Performance

NASDAQ IBIT opened at $55.12 on Friday. iShares Bitcoin Trust has a 52-week low of $24.49 and a 52-week high of $61.75. The company has a 50-day simple moving average of $56.36 and a 200 day simple moving average of $44.62.

iShares Bitcoin Trust 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.