Headlands Technologies LLC Takes Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Headlands Technologies LLC bought a new position in iShares Bitcoin Trust (NASDAQ:IBIT) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 6,975 shares of the company’s stock, valued at approximately $282,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Brookstone Capital Management bought a new stake in shares of iShares Bitcoin Trust in the 1st quarter worth approximately $7,017,000. Financial Sense Advisors Inc. bought a new stake in iShares Bitcoin Trust in the first quarter worth $1,278,000. Traynor Capital Management Inc. purchased a new stake in iShares Bitcoin Trust during the first quarter valued at about $3,666,000. Kingswood Wealth Advisors LLC purchased a new stake in iShares Bitcoin Trust during the first quarter valued at about $3,983,000. Finally, Amtrust Financial Services Inc. bought a new stake in shares of iShares Bitcoin Trust in the 1st quarter valued at about $1,416,000.

iShares Bitcoin Trust Price Performance

IBIT traded up $0.02 on Wednesday, hitting $37.19. 4,440,490 shares of the company were exchanged, compared to its average volume of 31,407,492. iShares Bitcoin Trust has a 12 month low of $22.02 and a 12 month high of $41.99. The stock’s fifty day moving average price is $36.79.

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.