Gilbert & Cook Inc. Boosts Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Gilbert & Cook Inc. boosted its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 10.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,864 shares of the company’s stock after buying an additional 1,438 shares during the quarter. Gilbert & Cook Inc.’s holdings in iShares Bitcoin Trust were worth $842,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. IMC Chicago LLC purchased a new position in iShares Bitcoin Trust in the third quarter valued at about $323,337,000. Clear Street Derivatives LLC purchased a new position in iShares Bitcoin Trust in the third quarter worth $23,686,000. CloudAlpha Capital Management Limited Hong Kong acquired a new position in shares of iShares Bitcoin Trust during the third quarter worth $19,149,000. LMR Partners LLP raised its stake in iShares Bitcoin Trust by 350.0% in the third quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock valued at $22,762,000 after buying an additional 490,000 shares during the last quarter. Finally, 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 purchasing an additional 423,100 shares during the last quarter.

iShares Bitcoin Trust Price Performance

Shares of IBIT traded up $0.51 during trading hours on Thursday, reaching $59.85. 2,807,511 shares of the company traded hands, compared to its average volume of 46,905,609. The business has a fifty day moving average price of $55.98 and a 200-day moving average price of $43.80. iShares Bitcoin Trust has a 12-month low of $24.13 and a 12-month 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.