Lbmc Investment Advisors LLC Purchases Shares of 13,370 iShares Bitcoin Trust (NASDAQ:IBIT)

Lbmc Investment Advisors LLC purchased a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) during the third quarter, according to its most recent filing with the SEC. The fund purchased 13,370 shares of the company’s stock, valued at approximately $483,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bracebridge Capital LLC bought a new stake in shares of iShares Bitcoin Trust in the 1st quarter worth about $100,639,000. D. E. Shaw & Co. Inc. grew its holdings in iShares Bitcoin Trust by 1,657.7% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company’s stock valued at $90,014,000 after purchasing an additional 2,486,608 shares during the last quarter. Sculptor Capital LP grew its holdings in iShares Bitcoin Trust by 188.1% during the 2nd quarter. Sculptor Capital LP now owns 3,392,812 shares of the company’s stock valued at $115,831,000 after purchasing an additional 2,215,107 shares during the last quarter. Aristeia Capital L.L.C. grew its holdings in iShares Bitcoin Trust by 47.2% during the 2nd quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company’s stock valued at $202,806,000 after purchasing an additional 1,903,644 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in iShares Bitcoin Trust during the 2nd quarter valued at about $56,965,000.

iShares Bitcoin Trust Stock Performance

NASDAQ:IBIT traded down $0.41 during mid-day trading on Tuesday, hitting $35.65. 10,080,012 shares of the stock traded hands, compared to its average volume of 30,142,781. iShares Bitcoin Trust has a 52 week low of $22.02 and a 52 week high of $41.99. The firm’s 50 day moving average is $34.35 and its two-hundred day moving average is $36.14.

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.