Forte Asset Management LLC Buys 61,966 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Forte Asset Management LLC boosted its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 223.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,705 shares of the company’s stock after purchasing an additional 61,966 shares during the quarter. iShares Bitcoin Trust comprises approximately 1.7% of Forte Asset Management LLC’s investment portfolio, making the stock its 20th biggest position. Forte Asset Management LLC’s holdings in iShares Bitcoin Trust were worth $3,241,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. IMC Chicago LLC bought a new stake in shares of iShares Bitcoin Trust in the third quarter valued at about $323,337,000. Aristeia Capital L.L.C. boosted its position in shares of iShares Bitcoin Trust by 47.2% in the second quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company’s stock valued at $202,806,000 after acquiring an additional 1,903,644 shares during the period. Sculptor Capital LP boosted its position in shares of iShares Bitcoin Trust by 188.1% in the second quarter. Sculptor Capital LP now owns 3,392,812 shares of the company’s stock valued at $115,831,000 after acquiring an additional 2,215,107 shares during the period. D. E. Shaw & Co. Inc. boosted its position in shares of iShares Bitcoin Trust by 1,657.7% in the second quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company’s stock valued at $90,014,000 after acquiring an additional 2,486,608 shares during the period. Finally, Bracebridge Capital LLC bought a new stake in shares of iShares Bitcoin Trust in the first quarter valued at about $100,639,000.

iShares Bitcoin Trust Stock Down 2.7 %

IBIT stock opened at $39.78 on Friday. The business has a 50-day simple moving average of $35.76 and a 200 day simple moving average of $36.03. iShares Bitcoin Trust has a 52 week low of $22.02 and a 52 week high of $41.99.

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.