Northeast Investment Management Purchases 13,770 Shares of iShares Bitcoin Trust ETF $IBIT

Northeast Investment Management lifted its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 267.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,920 shares of the company’s stock after buying an additional 13,770 shares during the quarter. Northeast Investment Management’s holdings in iShares Bitcoin Trust ETF were worth $939,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in IBIT. Laurore Ltd bought a new stake in iShares Bitcoin Trust ETF during the fourth quarter valued at about $436,239,000. 59 North Capital Management LP bought a new stake in iShares Bitcoin Trust ETF during the third quarter valued at about $169,100,000. Consolidated Portfolio Review Corp boosted its position in iShares Bitcoin Trust ETF by 27,185.5% during the fourth quarter. Consolidated Portfolio Review Corp now owns 2,142,185 shares of the company’s stock valued at $106,359,000 after purchasing an additional 2,134,334 shares in the last quarter. Sculptor Capital LP boosted its position in iShares Bitcoin Trust ETF by 59.5% during the second quarter. Sculptor Capital LP now owns 4,487,247 shares of the company’s stock valued at $274,664,000 after purchasing an additional 1,673,788 shares in the last quarter. Finally, Mariner Investment Group LLC boosted its position in iShares Bitcoin Trust ETF by 142.3% during the third quarter. Mariner Investment Group LLC now owns 2,015,094 shares of the company’s stock valued at $130,981,000 after purchasing an additional 1,183,414 shares in the last quarter.

iShares Bitcoin Trust ETF Trading Down 1.4%

iShares Bitcoin Trust ETF stock opened at $45.80 on Wednesday. The stock has a 50-day moving average of $41.39 and a two-hundred day moving average of $46.92. iShares Bitcoin Trust ETF has a one year low of $35.30 and a one year high of $71.82.

About iShares Bitcoin Trust ETF

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.