Deltec Asset Management LLC Buys 5,769 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Deltec Asset Management LLC increased its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 248,544 shares of the company’s stock after buying an additional 5,769 shares during the quarter. iShares Bitcoin Trust accounts for 2.6% of Deltec Asset Management LLC’s portfolio, making the stock its 11th biggest holding. Deltec Asset Management LLC’s holdings in iShares Bitcoin Trust were worth $13,185,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stratos Wealth Advisors LLC boosted its holdings in iShares Bitcoin Trust by 58.9% during the fourth quarter. Stratos Wealth Advisors LLC now owns 10,582 shares of the company’s stock valued at $561,000 after purchasing an additional 3,923 shares in the last quarter. Stratos Wealth Partners LTD. lifted its position in shares of iShares Bitcoin Trust by 53.8% during the 4th quarter. Stratos Wealth Partners LTD. now owns 24,403 shares of the company’s stock worth $1,295,000 after buying an additional 8,535 shares during the period. Stephens Consulting LLC lifted its position in shares of iShares Bitcoin Trust by 62.8% during the 4th quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after buying an additional 189 shares during the period. Pennsylvania Capital Management Inc. ADV acquired a new stake in iShares Bitcoin Trust in the 4th quarter valued at $642,000. Finally, Sloy Dahl & Holst LLC grew its position in iShares Bitcoin Trust by 11.4% in the fourth quarter. Sloy Dahl & Holst LLC now owns 17,891 shares of the company’s stock valued at $949,000 after acquiring an additional 1,835 shares during the period.

iShares Bitcoin Trust Price Performance

Shares of NASDAQ IBIT opened at $56.13 on Wednesday. iShares Bitcoin Trust has a 52-week low of $24.13 and a 52-week high of $61.75. The business has a fifty day moving average of $56.26 and a two-hundred day moving average of $44.42.

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.