Addison Capital Co lifted its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) by 77.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,493 shares of the company’s stock after purchasing an additional 18,076 shares during the period. Addison Capital Co’s holdings in iShares Bitcoin Trust were worth $2,201,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of IBIT. Pettinga Financial Advisors LLC increased its position in iShares Bitcoin Trust by 34.8% in the third quarter. Pettinga Financial Advisors LLC now owns 8,630 shares of the company’s stock worth $312,000 after buying an additional 2,230 shares during the last quarter. Atria Investments Inc purchased a new stake in iShares Bitcoin Trust in the 3rd quarter worth about $558,000. Empowered Funds LLC bought a new stake in iShares Bitcoin Trust in the 3rd quarter valued at about $2,298,000. Mill Creek Capital Advisors LLC purchased a new stake in iShares Bitcoin Trust during the third quarter valued at about $2,226,000. Finally, Marathon Trading Investment Management LLC boosted its position in iShares Bitcoin Trust by 238.4% during the third quarter. Marathon Trading Investment Management LLC now owns 77,600 shares of the company’s stock worth $2,804,000 after purchasing an additional 54,671 shares during the period.
iShares Bitcoin Trust Price Performance
NASDAQ IBIT opened at $48.14 on Monday. The company’s 50 day moving average is $54.02 and its 200-day moving average is $47.78. iShares Bitcoin Trust has a 12-month low of $28.23 and a 12-month high of $61.75.
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.
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