Capital Management Associates NY Invests $1.06 Million in iShares Bitcoin Trust (NASDAQ:IBIT)

Capital Management Associates NY purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 20,000 shares of the company’s stock, valued at approximately $1,061,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC lifted its holdings in shares of iShares Bitcoin Trust by 6,401.8% during the 4th quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company’s stock worth $246,430,000 after acquiring an additional 4,573,794 shares during the period. NINE MASTS CAPITAL Ltd lifted its holdings in shares of iShares Bitcoin Trust by 29.6% during the 4th quarter. NINE MASTS CAPITAL Ltd now owns 1,518,200 shares of the company’s stock worth $80,541,000 after acquiring an additional 346,918 shares during the period. Horizon Kinetics Asset Management LLC lifted its stake in iShares Bitcoin Trust by 11.9% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 805,803 shares of the company’s stock valued at $29,114,000 after purchasing an additional 85,763 shares during the last quarter. Parallax Volatility Advisers L.P. lifted its stake 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 purchasing an additional 370,000 shares during the last quarter. Finally, Clear Street Derivatives LLC bought a new position in iShares Bitcoin Trust in the 3rd quarter valued at approximately $23,686,000.

iShares Bitcoin Trust Price Performance

Shares of NASDAQ:IBIT opened at $48.14 on Friday. The firm has a 50 day simple moving average of $54.02 and a 200 day simple moving average of $47.60. iShares Bitcoin Trust has a one year low of $28.23 and a one year high of $61.75.

iShares Bitcoin Trust Company 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.