Vishria Bird Financial Group LLC Purchases New Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Vishria Bird Financial Group LLC acquired a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the 3rd quarter, HoldingsChannel reports. The firm acquired 124,293 shares of the company’s stock, valued at approximately $4,491,000. iShares Bitcoin Trust makes up approximately 1.7% of Vishria Bird Financial Group LLC’s holdings, making the stock its 20th largest position.

A number of other hedge funds have also made changes to their positions in the company. IMC Chicago LLC purchased a new stake in shares of iShares Bitcoin Trust during the third quarter worth approximately $323,337,000. Aristeia Capital L.L.C. boosted its stake in 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 boosted its stake in 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. grew its holdings in shares of iShares Bitcoin Trust by 1,657.7% during the second 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 in the last quarter. Finally, Bracebridge Capital LLC acquired a new stake in shares of iShares Bitcoin Trust in the first quarter valued at about $100,639,000.

iShares Bitcoin Trust Stock Performance

IBIT opened at $52.13 on Friday. iShares Bitcoin Trust has a twelve month low of $22.02 and a twelve month high of $53.26. The firm’s 50-day moving average price is $38.39 and its 200 day moving average price is $36.73.

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.