CCM Investment Advisers LLC Makes New $280,000 Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

CCM Investment Advisers LLC bought a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,745 shares of the company’s stock, valued at approximately $280,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Aristeia Capital L.L.C. lifted its holdings in shares of iShares Bitcoin Trust by 47.2% during the second quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company’s stock worth $202,806,000 after buying an additional 1,903,644 shares during the last quarter. Sculptor Capital LP grew its position in iShares Bitcoin Trust by 188.1% in the second quarter. Sculptor Capital LP now owns 3,392,812 shares of the company’s stock valued at $115,831,000 after acquiring an additional 2,215,107 shares during the period. D. E. Shaw & Co. Inc. grew its position in iShares Bitcoin Trust by 1,657.7% in the second quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company’s stock valued at $90,014,000 after acquiring an additional 2,486,608 shares during the period. Bracebridge Capital LLC bought a new stake in iShares Bitcoin Trust in the first quarter valued at $100,639,000. Finally, Point72 Asset Management L.P. bought a new stake in iShares Bitcoin Trust in the second quarter valued at $56,965,000.

iShares Bitcoin Trust Trading Down 2.1 %

Shares of NASDAQ:IBIT opened at $33.95 on Friday. The business’s fifty day moving average price is $34.22 and its two-hundred day moving average price is $36.11. iShares Bitcoin Trust has a fifty-two week low of $22.02 and a fifty-two week high of $41.99.

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.