Jackson Square Capital LLC Invests $1.61 Million in iShares Bitcoin Trust (NASDAQ:IBIT)

Jackson Square Capital LLC bought a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 30,366 shares of the company’s stock, valued at approximately $1,611,000.

Several other hedge funds also recently bought and sold shares of the company. Asset Dedication LLC lifted its position in shares of iShares Bitcoin Trust by 52.4% in the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after acquiring an additional 279 shares in the last quarter. PSI Advisors LLC bought a new stake in iShares Bitcoin Trust during the 4th quarter valued at approximately $30,000. Glass Jacobson Investment Advisors llc lifted its holdings in iShares Bitcoin Trust by 40.2% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company’s stock worth $38,000 after purchasing an additional 304 shares in the last quarter. West Financial Advisors LLC bought a new position in iShares Bitcoin Trust in the 3rd quarter worth approximately $40,000. Finally, Hollencrest Capital Management grew its holdings in iShares Bitcoin Trust by 256.7% during the 2nd quarter. Hollencrest Capital Management now owns 1,327 shares of the company’s stock valued at $45,000 after buying an additional 955 shares in the last quarter.

iShares Bitcoin Trust Trading Up 4.4 %

iShares Bitcoin Trust stock opened at $59.62 on Friday. The firm’s 50 day moving average price is $54.88 and its 200-day moving average price is $42.45. iShares Bitcoin Trust has a 1 year low of $22.02 and a 1 year high of $61.75.

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.