Ethos Financial Group LLC Buys 9,340 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Ethos Financial Group LLC lifted its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 135.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,240 shares of the company’s stock after purchasing an additional 9,340 shares during the quarter. Ethos Financial Group LLC’s holdings in iShares Bitcoin Trust were worth $862,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in IBIT. Proficio Capital Partners LLC boosted its position in shares of iShares Bitcoin Trust by 6,401.8% during the 4th quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company’s stock worth $246,430,000 after purchasing an additional 4,573,794 shares in the last quarter. Clear Street Derivatives LLC bought a new position in shares of iShares Bitcoin Trust during the 3rd quarter worth about $23,686,000. CloudAlpha Capital Management Limited Hong Kong bought a new position in shares of iShares Bitcoin Trust during the 3rd quarter worth about $19,149,000. LMR Partners LLP boosted its position in shares of iShares Bitcoin Trust by 350.0% during the 3rd quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock worth $22,762,000 after purchasing an additional 490,000 shares in the last quarter. Finally, Verde Servicos Internacionais S.A. boosted its position 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 purchasing an additional 423,100 shares in the last quarter.

iShares Bitcoin Trust Price Performance

IBIT stock opened at $51.44 on Thursday. The company’s 50-day moving average is $54.94 and its 200-day moving average is $47.06. iShares Bitcoin Trust has a 1 year low of $28.23 and a 1 year 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.