Busey Bank Purchases New Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

Busey Bank acquired a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 13,279 shares of the company’s stock, valued at approximately $704,000.

A number of other large investors also recently added to or reduced their stakes in IBIT. IMC Chicago LLC bought a new stake in shares of iShares Bitcoin Trust during the third quarter worth approximately $323,337,000. Clear Street Derivatives LLC bought a new stake in shares of iShares Bitcoin Trust during the 3rd quarter valued at $23,686,000. CloudAlpha Capital Management Limited Hong Kong bought a new stake in shares of iShares Bitcoin Trust during the 3rd quarter valued at $19,149,000. LMR Partners LLP lifted its stake 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 purchasing an additional 490,000 shares during the period. Finally, Verde Servicos Internacionais S.A. boosted 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 worth $23,082,000 after purchasing an additional 423,100 shares during the last quarter.

iShares Bitcoin Trust Stock Performance

Shares of IBIT opened at $59.72 on Friday. iShares Bitcoin Trust has a 1 year low of $24.13 and a 1 year high of $61.75. The stock’s 50-day moving average price is $56.09 and its two-hundred day moving average price is $43.91.

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.