Catalyst Funds Management Pty Ltd Takes $10.61 Million Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Catalyst Funds Management Pty Ltd bought a new position in iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 200,000 shares of the company’s stock, valued at approximately $10,610,000. iShares Bitcoin Trust comprises 2.6% of Catalyst Funds Management Pty Ltd’s portfolio, making the stock its 7th largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vienna Asset Management LLC boosted its holdings in shares of iShares Bitcoin Trust by 131.6% in the 3rd quarter. Vienna Asset Management LLC now owns 26,642 shares of the company’s stock valued at $963,000 after acquiring an additional 15,137 shares during the last quarter. Garden State Investment Advisory Services LLC purchased a new stake in iShares Bitcoin Trust in the third quarter valued at $656,000. Andina Capital Management LLC boosted its holdings in iShares Bitcoin Trust by 131.0% in the fourth quarter. Andina Capital Management LLC now owns 17,152 shares of the company’s stock valued at $910,000 after purchasing an additional 9,728 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in iShares Bitcoin Trust by 32.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company’s stock worth $1,357,000 after purchasing an additional 9,266 shares during the period. Finally, Mutual Advisors LLC raised its stake in shares of iShares Bitcoin Trust by 65.8% during the 4th quarter. Mutual Advisors LLC now owns 157,060 shares of the company’s stock valued at $8,967,000 after buying an additional 62,338 shares during the last quarter.

iShares Bitcoin Trust Stock Performance

Shares of IBIT opened at $48.14 on Friday. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75. The stock’s 50-day moving average price is $54.02 and its 200-day moving average price is $47.60.

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.