ClearAlpha Technologies LP acquired a new stake in iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 31,500 shares of the company’s stock, valued at approximately $1,671,000. iShares Bitcoin Trust accounts for about 1.1% of ClearAlpha Technologies LP’s portfolio, making the stock its 22nd largest holding.
Several other hedge funds and other institutional investors have also recently modified their holdings of IBIT. SOA Wealth Advisors LLC. raised its holdings in iShares Bitcoin Trust by 38.5% during the third quarter. SOA Wealth Advisors LLC. now owns 1,619 shares of the company’s stock worth $58,000 after buying an additional 450 shares during the last quarter. Pine Valley Investments Ltd Liability Co acquired a new stake in shares of iShares Bitcoin Trust in the 3rd quarter worth about $353,000. World Investment Advisors LLC lifted its position in iShares Bitcoin Trust by 31.1% in the 3rd quarter. World Investment Advisors LLC now owns 11,888 shares of the company’s stock valued at $430,000 after acquiring an additional 2,823 shares in the last quarter. Tidal Investments LLC boosted its stake in iShares Bitcoin Trust by 12.4% during the 3rd quarter. Tidal Investments LLC now owns 228,354 shares of the company’s stock valued at $8,250,000 after purchasing an additional 25,232 shares during the last quarter. Finally, Franklin Resources Inc. bought a new stake in iShares Bitcoin Trust during the 3rd quarter worth approximately $1,107,000.
iShares Bitcoin Trust Stock Performance
IBIT stock opened at $48.26 on Monday. The stock’s 50 day moving average is $49.02 and its 200-day moving average is $50.19. iShares Bitcoin Trust has a twelve month low of $28.23 and a twelve month 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.
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