CCM Investment Advisers LLC Buys Shares of 7,745 iShares Bitcoin Trust (NASDAQ:IBIT)

by · The Cerbat Gem

CCM Investment Advisers LLC purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,745 shares of the company’s stock, valued at approximately $280,000.

Several other institutional investors have also recently bought and sold shares of the company. Aristeia Capital L.L.C. increased its position in shares of iShares Bitcoin Trust by 47.2% during the 2nd quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company’s stock worth $202,806,000 after purchasing an additional 1,903,644 shares during the last quarter. Sculptor Capital LP increased its position in shares of iShares Bitcoin Trust by 188.1% during the 2nd quarter. Sculptor Capital LP now owns 3,392,812 shares of the company’s stock worth $115,831,000 after purchasing an additional 2,215,107 shares during the last quarter. D. E. Shaw & Co. Inc. increased its position in shares of iShares Bitcoin Trust by 1,657.7% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company’s stock worth $90,014,000 after purchasing an additional 2,486,608 shares during the last quarter. Bracebridge Capital LLC acquired a new position in shares of iShares Bitcoin Trust during the 1st quarter worth approximately $100,639,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of iShares Bitcoin Trust during the 2nd quarter worth approximately $56,965,000.

iShares Bitcoin Trust Price Performance

IBIT stock opened at $33.95 on Friday. iShares Bitcoin Trust has a 1-year low of $22.02 and a 1-year high of $41.99. The business’s 50 day simple moving average is $34.22 and its 200 day simple moving average is $36.11.

iShares Bitcoin Trust Company Profile

(Free Report)

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.

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