Empowered Funds LLC reduced its holdings in iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) by 7.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 58,619 shares of the company’s stock after selling 4,981 shares during the quarter. Empowered Funds LLC’s holdings in iShares Bitcoin Trust were worth $3,110,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. IMC Chicago LLC bought a new stake in iShares Bitcoin Trust in the third quarter valued at $323,337,000. Clear Street Derivatives LLC bought a new stake in shares of iShares Bitcoin Trust during the 3rd quarter valued at about $23,686,000. CloudAlpha Capital Management Limited Hong Kong bought a new stake in shares of iShares Bitcoin Trust during the 3rd quarter valued at about $19,149,000. LMR Partners LLP raised its stake in iShares Bitcoin Trust by 350.0% in the third quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock worth $22,762,000 after buying an additional 490,000 shares in the last quarter. Finally, Verde Servicos Internacionais S.A. lifted its holdings in iShares Bitcoin Trust by 3,525.8% in the fourth quarter. Verde Servicos Internacionais S.A. now owns 435,100 shares of the company’s stock worth $23,082,000 after buying an additional 423,100 shares during the period.
iShares Bitcoin Trust Stock Down 0.8 %
iShares Bitcoin Trust stock opened at $54.74 on Friday. iShares Bitcoin Trust has a fifty-two week low of $28.23 and a fifty-two week high of $61.75. The stock’s 50 day simple moving average is $56.33 and its two-hundred day simple moving average is $45.22.
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.
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Want to see what other hedge funds are holding IBIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Bitcoin Trust (NASDAQ:IBIT – Free Report).
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