Evanson Asset Management LLC Takes Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Evanson Asset Management LLC purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,466 shares of the company’s stock, valued at approximately $290,000.

A number of other hedge funds have also recently added to or reduced their stakes in IBIT. IMC Chicago LLC acquired a new position in iShares Bitcoin Trust during the third quarter valued at approximately $323,337,000. D. E. Shaw & Co. Inc. lifted 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 buying an additional 2,486,608 shares during the last quarter. Sculptor Capital LP boosted its stake in iShares Bitcoin Trust by 188.1% in the second quarter. Sculptor Capital LP now owns 3,392,812 shares of the company’s stock valued at $115,831,000 after buying an additional 2,215,107 shares in the last quarter. Aristeia Capital L.L.C. grew its position in iShares Bitcoin Trust by 47.2% in the second quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company’s stock valued at $202,806,000 after acquiring an additional 1,903,644 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in iShares Bitcoin Trust during the second quarter worth about $56,965,000.

iShares Bitcoin Trust Stock Performance

Shares of iShares Bitcoin Trust stock opened at $59.62 on Tuesday. The company’s 50 day moving average price is $55.08 and its two-hundred day moving average price is $42.69. iShares Bitcoin Trust has a fifty-two week low of $22.02 and a fifty-two week high of $61.75.

About iShares Bitcoin Trust

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.