Global Strategic Investment Solutions LLC Boosts Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

Global Strategic Investment Solutions LLC increased its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 7.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 15,185 shares of the company’s stock after purchasing an additional 1,000 shares during the period. Global Strategic Investment Solutions LLC’s holdings in iShares Bitcoin Trust were worth $806,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Bravias Capital Group LLC purchased a new stake in shares of iShares Bitcoin Trust in the 4th quarter valued at about $493,000. Meridian Wealth Management LLC acquired a new position in iShares Bitcoin Trust in the 4th quarter valued at about $223,000. NINE MASTS CAPITAL Ltd increased its position in iShares Bitcoin Trust by 29.6% in the 4th quarter. NINE MASTS CAPITAL Ltd now owns 1,518,200 shares of the company’s stock valued at $80,541,000 after acquiring an additional 346,918 shares during the period. Mission Wealth Management LP acquired a new position in iShares Bitcoin Trust in the 4th quarter valued at about $308,000. Finally, Investment Partners LTD. acquired a new position in iShares Bitcoin Trust in the 4th quarter valued at about $742,000.

iShares Bitcoin Trust Stock Performance

Shares of IBIT stock opened at $48.90 on Tuesday. iShares Bitcoin Trust has a 52-week low of $28.23 and a 52-week high of $61.75. The stock’s 50-day moving average price is $55.17 and its 200 day moving average price is $46.93.

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.