Osterweis Capital Management Inc. Makes New $87,000 Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Osterweis Capital Management Inc. bought a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,640 shares of the company’s stock, valued at approximately $87,000.

Several other hedge funds also recently made changes to their positions in IBIT. XTX Topco Ltd purchased a new position in shares of iShares Bitcoin Trust during the third quarter valued at approximately $303,000. Orion Portfolio Solutions LLC boosted its holdings in iShares Bitcoin Trust by 9.4% in the third quarter. Orion Portfolio Solutions LLC now owns 8,101 shares of the company’s stock worth $293,000 after acquiring an additional 694 shares in the last quarter. SOA Wealth Advisors LLC. boosted its holdings in iShares Bitcoin Trust by 38.5% in the third quarter. SOA Wealth Advisors LLC. now owns 1,619 shares of the company’s stock worth $58,000 after acquiring an additional 450 shares in the last quarter. Pine Valley Investments Ltd Liability Co purchased a new stake in shares of iShares Bitcoin Trust in the third quarter worth $353,000. Finally, World Investment Advisors LLC increased its holdings in shares of iShares Bitcoin Trust by 31.1% during the third 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.

iShares Bitcoin Trust Trading Up 0.5 %

Shares of NASDAQ IBIT opened at $47.96 on Thursday. The firm’s 50 day moving average price is $49.28 and its 200-day moving average price is $49.80. iShares Bitcoin Trust has a 52-week low of $28.23 and a 52-week high of $61.75.

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.