Carret Asset Management LLC Purchases New Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Carret Asset Management LLC purchased a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 5,399 shares of the company’s stock, valued at approximately $286,000.

A number of other hedge funds have also modified their holdings of IBIT. Proficio Capital Partners LLC raised its position in shares of iShares Bitcoin Trust by 6,401.8% in the 4th quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company’s stock valued at $246,430,000 after acquiring an additional 4,573,794 shares during the period. Clear Street Derivatives LLC acquired a new stake in shares of iShares Bitcoin Trust in the 3rd quarter valued at approximately $23,686,000. LMR Partners LLP raised its position in shares of iShares Bitcoin Trust by 350.0% in the 3rd quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock valued at $22,762,000 after acquiring an additional 490,000 shares during the period. Verde Servicos Internacionais S.A. raised its position in shares of iShares Bitcoin Trust by 3,525.8% in the 4th quarter. Verde Servicos Internacionais S.A. now owns 435,100 shares of the company’s stock valued at $23,082,000 after acquiring an additional 423,100 shares during the period. Finally, Parallax Volatility Advisers L.P. raised its position in shares of 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 acquiring an additional 370,000 shares during the period.

iShares Bitcoin Trust Stock Performance

Shares of IBIT stock opened at $48.14 on Friday. The company’s 50 day moving average price is $54.02 and its two-hundred day moving average price is $47.60. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week 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.