Copperleaf Capital LLC Raises Stock Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Copperleaf Capital LLC lifted its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 146.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 401,427 shares of the company’s stock after buying an additional 238,264 shares during the quarter. iShares Bitcoin Trust accounts for about 13.5% of Copperleaf Capital LLC’s investment portfolio, making the stock its largest holding. Copperleaf Capital LLC’s holdings in iShares Bitcoin Trust were worth $21,296,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in IBIT. IMC Chicago LLC bought a new position in shares of iShares Bitcoin Trust during the 3rd quarter valued at $323,337,000. Clear Street Derivatives LLC purchased a new position in shares of iShares Bitcoin Trust in the third quarter valued at about $23,686,000. CloudAlpha Capital Management Limited Hong Kong purchased a new position in shares of iShares Bitcoin Trust in the third quarter valued at about $19,149,000. LMR Partners LLP increased its position in shares of iShares Bitcoin Trust by 350.0% in the third quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock valued at $22,762,000 after acquiring an additional 490,000 shares during the period. Finally, Verde Servicos Internacionais S.A. increased its position in shares of iShares Bitcoin Trust by 3,525.8% in the fourth quarter. Verde Servicos Internacionais S.A. now owns 435,100 shares of the company’s stock valued at $23,082,000 after acquiring an additional 423,100 shares during the period.

iShares Bitcoin Trust Stock Performance

IBIT stock opened at $55.33 on Friday. The firm’s 50-day moving average price is $56.25 and its two-hundred day moving average price is $45.46. iShares Bitcoin Trust has a 12-month low of $28.23 and a 12-month 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.