Pilgrim Partners Asia Pte Ltd Takes Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Pilgrim Partners Asia Pte Ltd purchased a new position in iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,500 shares of the company’s stock, valued at approximately $80,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Proficio Capital Partners LLC lifted its holdings in shares of iShares Bitcoin Trust by 6,401.8% in the 4th quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company’s stock worth $246,430,000 after acquiring an additional 4,573,794 shares during the last quarter. NINE MASTS CAPITAL Ltd grew its stake in shares of iShares Bitcoin Trust by 29.6% during the fourth quarter. NINE MASTS CAPITAL Ltd now owns 1,518,200 shares of the company’s stock valued at $80,541,000 after buying an additional 346,918 shares during the last quarter. ExodusPoint Capital Management LP grew its stake in shares of iShares Bitcoin Trust by 849.9% during the fourth quarter. ExodusPoint Capital Management LP now owns 1,423,900 shares of the company’s stock valued at $75,538,000 after buying an additional 1,274,000 shares during the last quarter. Horizon Kinetics Asset Management LLC raised its holdings in shares of iShares Bitcoin Trust by 7.3% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 864,272 shares of the company’s stock worth $45,850,000 after buying an additional 58,469 shares during the period. Finally, LPL Financial LLC boosted its holdings in iShares Bitcoin Trust by 485.5% during the 4th quarter. LPL Financial LLC now owns 752,583 shares of the company’s stock valued at $39,925,000 after acquiring an additional 624,036 shares during the period.

iShares Bitcoin Trust Trading Up 2.4 %

IBIT stock opened at $47.71 on Friday. iShares Bitcoin Trust has a twelve month low of $28.23 and a twelve month high of $61.75. The business’s fifty day simple moving average is $51.45 and its two-hundred day simple moving average is $49.18.

iShares Bitcoin Trust 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.