Graney & King LLC Buys Shares of 592 iShares Bitcoin Trust (NASDAQ:IBIT)

Graney & King LLC purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 592 shares of the company’s stock, valued at approximately $31,000.

Other hedge funds also recently modified their holdings of the company. Proficio Capital Partners LLC boosted its holdings in iShares Bitcoin Trust by 6,401.8% in the 4th quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company’s stock valued at $246,430,000 after purchasing an additional 4,573,794 shares during the period. Clear Street Derivatives LLC bought a new stake in shares of iShares Bitcoin Trust in the third quarter valued at about $23,686,000. LPL Financial LLC grew its position in iShares Bitcoin Trust by 485.5% during the fourth quarter. LPL Financial LLC now owns 752,583 shares of the company’s stock worth $39,925,000 after buying an additional 624,036 shares in the last quarter. Verde Servicos Internacionais S.A. increased its stake in iShares Bitcoin Trust by 3,525.8% during the fourth quarter. Verde Servicos Internacionais S.A. now owns 435,100 shares of the company’s stock valued at $23,082,000 after acquiring an additional 423,100 shares during the period. Finally, Parallax Volatility Advisers L.P. raised its holdings in iShares Bitcoin Trust by 127.6% in the 3rd quarter. Parallax Volatility Advisers L.P. now owns 660,000 shares of the company’s stock valued at $23,846,000 after acquiring an additional 370,000 shares in the last quarter.

iShares Bitcoin Trust Stock Performance

Shares of NASDAQ IBIT opened at $49.18 on Thursday. iShares Bitcoin Trust has a one year low of $28.23 and a one year high of $61.75. The business has a fifty day simple moving average of $53.03 and a 200 day simple moving average of $48.56.

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.