10,000 Shares in iShares Bitcoin Trust (NASDAQ:IBIT) Purchased by Banque Pictet & Cie SA

Banque Pictet & Cie SA purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 10,000 shares of the company’s stock, valued at approximately $530,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of IBIT. IMC Chicago LLC acquired a new stake in iShares Bitcoin Trust during the third quarter worth approximately $323,337,000. Clear Street Derivatives LLC acquired a new stake in iShares Bitcoin Trust during the third quarter worth approximately $23,686,000. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in iShares Bitcoin Trust during the third quarter worth approximately $19,149,000. LMR Partners LLP lifted its position in iShares Bitcoin Trust by 350.0% during the third quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock worth $22,762,000 after acquiring an additional 490,000 shares during the last quarter. Finally, Verde Servicos Internacionais S.A. lifted its position 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 worth $23,082,000 after acquiring an additional 423,100 shares during the last quarter.

iShares Bitcoin Trust Stock Performance

Shares of IBIT stock opened at $55.33 on Friday. The firm has a 50 day moving average price of $56.25 and a two-hundred day moving average price of $45.46. iShares Bitcoin Trust has a 12-month low of $28.23 and a 12-month high of $61.75.

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.