Rising Stella Capital Pte. Ltd purchased a new position in iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 389,145 shares of the company’s stock, valued at approximately $19,321,000. iShares Bitcoin Trust ETF comprises 9.1% of Rising Stella Capital Pte. Ltd’s investment portfolio, making the stock its 3rd largest position.
Several other institutional investors also recently added to or reduced their stakes in the stock. Southern Capital Services Inc. ADV bought a new position in iShares Bitcoin Trust ETF in the 4th quarter worth about $434,000. OakTrust Wealth Advisors LLC bought a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter valued at approximately $436,000. Tempo Wealth LLC bought a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter valued at approximately $423,000. Thryve Wealth Management LLC purchased a new stake in shares of iShares Bitcoin Trust ETF in the fourth quarter valued at approximately $815,000. Finally, Mariner Investment Group LLC boosted its holdings in shares of iShares Bitcoin Trust ETF by 6.5% in the fourth quarter. Mariner Investment Group LLC now owns 2,146,536 shares of the company’s stock valued at $106,576,000 after purchasing an additional 131,442 shares during the period.
iShares Bitcoin Trust ETF Price Performance
Shares of NASDAQ:IBIT opened at $35.62 on Friday. iShares Bitcoin Trust ETF has a 52-week low of $33.48 and a 52-week high of $71.82. The business’s 50 day moving average is $41.54 and its 200 day moving average is $43.73.
iShares Bitcoin Trust ETF 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.
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