Flagship Harbor Advisors LLC Makes New $381,000 Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Flagship Harbor Advisors LLC purchased a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 7,190 shares of the company’s stock, valued at approximately $381,000.

A number of other hedge funds have also modified their holdings of the business. Envestnet Asset Management Inc. lifted its position in iShares Bitcoin Trust by 42.6% in the second quarter. Envestnet Asset Management Inc. now owns 108,497 shares of the company’s stock valued at $3,704,000 after buying an additional 32,416 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of iShares Bitcoin Trust in the 2nd quarter worth approximately $505,000. Thrivent Financial for Lutherans boosted its position in shares of iShares Bitcoin Trust by 12.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 15,505 shares of the company’s stock worth $529,000 after purchasing an additional 1,748 shares during the period. Bank of Montreal Can increased its holdings in iShares Bitcoin Trust by 0.5% in the 2nd quarter. Bank of Montreal Can now owns 134,332 shares of the company’s stock valued at $4,586,000 after purchasing an additional 723 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in iShares Bitcoin Trust in the second quarter valued at approximately $3,581,000.

iShares Bitcoin Trust Stock Performance

IBIT opened at $57.58 on Wednesday. iShares Bitcoin Trust has a 52 week low of $23.88 and a 52 week high of $61.75. The business has a fifty day simple moving average of $55.88 and a 200-day simple moving average of $43.63.

iShares Bitcoin Trust 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.