Sculptor Capital LP Grows Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Sculptor Capital LP boosted its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 188.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,392,812 shares of the company’s stock after acquiring an additional 2,215,107 shares during the period. iShares Bitcoin Trust accounts for 2.2% of Sculptor Capital LP’s investment portfolio, making the stock its 8th biggest position. Sculptor Capital LP owned approximately 0.95% of iShares Bitcoin Trust worth $115,831,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Brookstone Capital Management purchased a new stake in shares of iShares Bitcoin Trust in the 1st quarter worth about $7,017,000. Kingsview Wealth Management LLC purchased a new position in iShares Bitcoin Trust during the 1st quarter valued at about $1,403,000. Financial Sense Advisors Inc. purchased a new position in iShares Bitcoin Trust during the 1st quarter valued at about $1,278,000. Axxcess Wealth Management LLC purchased a new position in iShares Bitcoin Trust during the 1st quarter valued at about $965,000. Finally, Traynor Capital Management Inc. purchased a new position in iShares Bitcoin Trust during the 1st quarter valued at about $3,666,000.

iShares Bitcoin Trust Price Performance

Shares of NASDAQ IBIT opened at $36.84 on Friday. iShares Bitcoin Trust has a 1 year low of $22.02 and a 1 year high of $41.99. The firm has a 50-day moving average of $34.68 and a 200 day moving average of $36.35.

About iShares Bitcoin Trust

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.