W Advisors LLC Buys Shares of 4,100 iShares Bitcoin Trust (NASDAQ:IBIT)

W Advisors LLC purchased a new position in iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 4,100 shares of the company’s stock, valued at approximately $218,000.

Several other large investors have also recently made changes to their positions in IBIT. IMC Chicago LLC purchased a new stake in shares of iShares Bitcoin Trust in the third quarter valued at approximately $323,337,000. Clear Street Derivatives LLC acquired a new position in iShares Bitcoin Trust during the third quarter worth $23,686,000. CloudAlpha Capital Management Limited Hong Kong purchased a new stake in iShares Bitcoin Trust in the 3rd quarter valued at $19,149,000. LMR Partners LLP increased its stake in shares of 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 last quarter. Finally, Verde Servicos Internacionais S.A. raised its holdings in shares of 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 period.

iShares Bitcoin Trust Price Performance

Shares of 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 firm has a 50-day moving average price of $55.77 and a 200 day moving average price of $43.45.

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.