Catalyst Funds Management Pty Ltd Buys Shares of 200,000 iShares Bitcoin Trust (NASDAQ:IBIT)

Catalyst Funds Management Pty Ltd purchased a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 200,000 shares of the company’s stock, valued at approximately $10,610,000. iShares Bitcoin Trust comprises about 2.6% of Catalyst Funds Management Pty Ltd’s holdings, making the stock its 7th biggest position.

Other institutional investors have also modified their holdings of the company. J. L. Bainbridge & Co. Inc. purchased a new stake in iShares Bitcoin Trust during the fourth quarter valued at approximately $221,000. Capital Management Associates NY acquired a new position in shares of iShares Bitcoin Trust during the fourth quarter worth $1,061,000. First National Trust Co purchased a new stake in shares of iShares Bitcoin Trust during the 4th quarter valued at $882,000. Carret Asset Management LLC purchased a new stake in shares of iShares Bitcoin Trust during the 4th quarter valued at $286,000. Finally, Wellington Shields Capital Management LLC grew its stake in iShares Bitcoin Trust by 118.8% during the 4th quarter. Wellington Shields Capital Management LLC now owns 23,110 shares of the company’s stock worth $1,226,000 after buying an additional 12,550 shares during the last quarter.

iShares Bitcoin Trust Stock Up 5.8 %

Shares of NASDAQ:IBIT opened at $48.14 on Friday. The business’s 50-day moving average is $54.02 and its 200 day moving average is $47.60. iShares Bitcoin Trust has a 1 year low of $28.23 and a 1 year high of $61.75.

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.