SouthState Corp Has $234,000 Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

SouthState Corp lifted its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,411 shares of the company’s stock after acquiring an additional 230 shares during the quarter. SouthState Corp’s holdings in iShares Bitcoin Trust were worth $234,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in IBIT. Proficio Capital Partners LLC grew its holdings in iShares Bitcoin Trust by 6,401.8% during the fourth quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company’s stock valued at $246,430,000 after purchasing an additional 4,573,794 shares during the last quarter. Clear Street Derivatives LLC acquired a new position in iShares Bitcoin Trust in the 3rd quarter valued at $23,686,000. LMR Partners LLP raised its holdings in iShares Bitcoin Trust by 350.0% in the 3rd quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock worth $22,762,000 after acquiring an additional 490,000 shares during the period. Verde Servicos Internacionais S.A. lifted its position in iShares Bitcoin Trust by 3,525.8% during the 4th quarter. Verde Servicos Internacionais S.A. now owns 435,100 shares of the company’s stock worth $23,082,000 after acquiring an additional 423,100 shares during the last quarter. Finally, Parallax Volatility Advisers L.P. boosted its holdings in 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 during the period.

iShares Bitcoin Trust Stock Down 0.2 %

Shares of NASDAQ:IBIT opened at $48.06 on Tuesday. 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 is $53.82 and its 200-day moving average is $47.88.

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.