Ballew Advisors Inc Makes New $340,000 Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Ballew Advisors Inc bought a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, Holdings Channel reports. The firm bought 6,380 shares of the company’s stock, valued at approximately $340,000.

A number of other institutional investors have also recently made changes to their positions in the stock. IMC Chicago LLC bought a new position in iShares Bitcoin Trust during the third quarter valued at 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 buying an additional 2,486,608 shares during the last quarter. Sculptor Capital LP boosted its stake in shares of iShares Bitcoin Trust by 188.1% in the 2nd quarter. Sculptor Capital LP now owns 3,392,812 shares of the company’s stock worth $115,831,000 after buying an additional 2,215,107 shares during the last quarter. Aristeia Capital L.L.C. grew its holdings in shares of 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 worth $202,806,000 after acquiring an additional 1,903,644 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in iShares Bitcoin Trust during the second quarter valued at $56,965,000.

iShares Bitcoin Trust Price Performance

IBIT stock opened at $59.62 on Friday. The business’s 50-day moving average is $54.88 and its two-hundred day moving average is $42.45. iShares Bitcoin Trust has a fifty-two week low of $22.02 and a fifty-two week 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.