D. E. Shaw & Co. Inc. Boosts Stock Position in iShares Bitcoin Trust (NASDAQ:IBIT)

D. E. Shaw & Co. Inc. grew its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 344.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,667,431 shares of the company’s stock after acquiring an additional 7,494,123 shares during the period. iShares Bitcoin Trust comprises approximately 0.4% of D. E. Shaw & Co. Inc.’s investment portfolio, making the stock its 23rd biggest position. D. E. Shaw & Co. Inc.’s holdings in iShares Bitcoin Trust were worth $512,857,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Union Savings Bank purchased a new position in shares of iShares Bitcoin Trust in the fourth quarter worth about $25,000. Vision Financial Markets LLC purchased a new position in iShares Bitcoin Trust in the 4th quarter worth approximately $25,000. City Holding Co. boosted its holdings in shares of iShares Bitcoin Trust by 95.2% during the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after purchasing an additional 238 shares during the last quarter. Stephens Consulting LLC grew its position in shares of iShares Bitcoin Trust by 62.8% in the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock valued at $26,000 after purchasing an additional 189 shares in the last quarter. Finally, Crewe Advisors LLC lifted its position in iShares Bitcoin Trust by 151.0% during the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock worth $27,000 after buying an additional 302 shares in the last quarter.

iShares Bitcoin Trust Price Performance

Shares of IBIT stock opened at $54.74 on Thursday. iShares Bitcoin Trust has a twelve month low of $28.23 and a twelve month high of $61.75. The company’s 50-day moving average price is $49.24 and its 200-day moving average price is $51.52.

iShares Bitcoin Trust Company 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.