Tamar Securities LLC increased its position in iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) by 12.6% in the 4th quarter, HoldingsChannel reports. The fund owned 14,472 shares of the company’s stock after buying an additional 1,616 shares during the quarter. Tamar Securities LLC’s holdings in iShares Bitcoin Trust were worth $768,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Perigon Wealth Management LLC raised its position in shares of iShares Bitcoin Trust by 24.0% during the 4th quarter. Perigon Wealth Management LLC now owns 31,378 shares of the company’s stock valued at $1,791,000 after buying an additional 6,081 shares in the last quarter. Hutchens & Kramer Investment Management Group LLC purchased a new position in iShares Bitcoin Trust during the 4th quarter valued at $203,000. Proathlete Wealth Management LLC boosted its holdings in iShares Bitcoin Trust by 11.6% during the 4th quarter. Proathlete Wealth Management LLC now owns 138,101 shares of the company’s stock valued at $7,326,000 after acquiring an additional 14,366 shares during the period. W Advisors LLC purchased a new position in iShares Bitcoin Trust during the 4th quarter valued at $218,000. Finally, Griffin Asset Management Inc. purchased a new position in iShares Bitcoin Trust during the 4th quarter valued at $1,108,000.
iShares Bitcoin Trust Price Performance
IBIT opened at $57.85 on Tuesday. iShares Bitcoin Trust has a 12 month low of $23.88 and a 12 month high of $61.75. The stock has a fifty day moving average price of $55.77 and a 200-day moving average price of $43.45.
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.
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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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