Gladstone Institutional Advisory LLC Takes Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Gladstone Institutional Advisory LLC bought a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 8,524 shares of the company’s stock, valued at approximately $452,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in IBIT. IMC Chicago LLC acquired a new position in shares of iShares Bitcoin Trust in the 3rd quarter valued at approximately $323,337,000. Clear Street Derivatives LLC acquired a new position in shares of iShares Bitcoin Trust in the 3rd quarter valued at approximately $23,686,000. CloudAlpha Capital Management Limited Hong Kong acquired a new position in shares of iShares Bitcoin Trust in the 3rd quarter valued at approximately $19,149,000. LMR Partners LLP increased its position in iShares Bitcoin Trust by 350.0% during the 3rd quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock worth $22,762,000 after purchasing an additional 490,000 shares in the last quarter. Finally, Verde Servicos Internacionais S.A. increased its position in iShares Bitcoin Trust by 3,525.8% during 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 in the last quarter.

iShares Bitcoin Trust Trading Up 1.1 %

IBIT stock opened at $55.33 on Friday. The company has a 50 day simple moving average of $56.30 and a 200 day simple moving average of $45.28. iShares Bitcoin Trust has a 1 year low of $28.23 and a 1 year high of $61.75.

About iShares Bitcoin Trust

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.