18,150 Shares in iShares Bitcoin Trust (NASDAQ:IBIT) Bought by Garden State Investment Advisory Services LLC

Garden State Investment Advisory Services LLC bought a new position in iShares Bitcoin Trust (NASDAQ:IBIT) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 18,150 shares of the company’s stock, valued at approximately $656,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IBIT. IMC Chicago LLC acquired a new position in shares of iShares Bitcoin Trust during the third quarter worth approximately $323,337,000. D. E. Shaw & Co. Inc. raised its stake in 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 valued at $90,014,000 after purchasing an additional 2,486,608 shares during the last quarter. Sculptor Capital LP boosted its holdings in iShares Bitcoin Trust by 188.1% in the 2nd quarter. Sculptor Capital LP now owns 3,392,812 shares of the company’s stock valued at $115,831,000 after purchasing an additional 2,215,107 shares during the period. Aristeia Capital L.L.C. grew its position in iShares Bitcoin Trust by 47.2% in 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. Finally, Point72 Asset Management L.P. bought a new position in iShares Bitcoin Trust during the second quarter valued at about $56,965,000.

iShares Bitcoin Trust Stock Performance

Shares of IBIT traded up $0.62 on Friday, reaching $57.54. 6,634,265 shares of the stock traded hands, compared to its average volume of 34,477,430. The stock’s 50-day moving average price is $46.07 and its 200-day moving average price is $39.18. iShares Bitcoin Trust has a 12 month low of $22.02 and a 12 month high of $59.16.

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.