Sageworth Trust Co Buys 13,045 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Sageworth Trust Co lifted its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 72.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 30,948 shares of the company’s stock after purchasing an additional 13,045 shares during the period. Sageworth Trust Co’s holdings in iShares Bitcoin Trust were worth $1,642,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in IBIT. IMC Chicago LLC purchased a new stake in iShares Bitcoin Trust in the 3rd quarter worth approximately $323,337,000. Horizon Kinetics Asset Management LLC raised its holdings in shares of iShares Bitcoin Trust by 11.9% during the third quarter. Horizon Kinetics Asset Management LLC now owns 805,803 shares of the company’s stock valued at $29,114,000 after acquiring an additional 85,763 shares in the last quarter. Parallax Volatility Advisers L.P. raised its holdings in shares of iShares Bitcoin Trust by 127.6% during the third quarter. Parallax Volatility Advisers L.P. now owns 660,000 shares of the company’s stock valued at $23,846,000 after acquiring an additional 370,000 shares in the last quarter. Clear Street Derivatives LLC purchased a new stake in iShares Bitcoin Trust in the third quarter worth $23,686,000. Finally, LMR Partners LLP boosted its holdings in iShares Bitcoin Trust by 350.0% in the third quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock valued at $22,762,000 after acquiring an additional 490,000 shares in the last quarter.

iShares Bitcoin Trust Price Performance

Shares of iShares Bitcoin Trust stock opened at $54.47 on Friday. The company’s fifty day simple moving average is $56.36 and its two-hundred day simple moving average is $44.70. iShares Bitcoin Trust has a 12-month low of $25.64 and a 12-month high of $61.75.

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.