World Investment Advisors LLC Boosts Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

World Investment Advisors LLC raised its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 31.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,888 shares of the company’s stock after buying an additional 2,823 shares during the period. World Investment Advisors LLC’s holdings in iShares Bitcoin Trust were worth $430,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IMC Chicago LLC purchased a new position in iShares Bitcoin Trust in the 3rd quarter valued at about $323,337,000. Aristeia Capital L.L.C. boosted its position in iShares Bitcoin Trust by 47.2% in 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 buying an additional 1,903,644 shares during the last quarter. Sculptor Capital LP boosted its position in iShares Bitcoin Trust by 188.1% in the 2nd quarter. Sculptor Capital LP now owns 3,392,812 shares of the company’s stock valued at $115,831,000 after buying an additional 2,215,107 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its position in iShares Bitcoin Trust by 1,657.7% in 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 buying an additional 2,486,608 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in iShares Bitcoin Trust in the 2nd quarter valued at about $56,965,000.

iShares Bitcoin Trust Stock Up 0.8 %

Shares of IBIT stock opened at $60.73 on Wednesday. iShares Bitcoin Trust has a one year low of $22.02 and a one year high of $61.75. The company’s 50-day simple moving average is $47.51 and its 200-day simple moving average is $39.62.

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.