Morgan Dempsey Capital Management LLC Makes New Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Morgan Dempsey Capital Management LLC purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 873 shares of the company’s stock, valued at approximately $46,000.

A number of other large investors have also recently bought and sold shares of IBIT. Proficio Capital Partners LLC boosted its holdings in shares of iShares Bitcoin Trust by 6,401.8% in the 4th quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company’s stock valued at $246,430,000 after buying an additional 4,573,794 shares during the last quarter. Clear Street Derivatives LLC acquired a new stake in iShares Bitcoin Trust during the 3rd quarter valued at $23,686,000. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in iShares Bitcoin Trust during the 3rd quarter valued at $19,149,000. LMR Partners LLP lifted its holdings in iShares Bitcoin Trust by 350.0% during the 3rd quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock valued at $22,762,000 after purchasing an additional 490,000 shares during the last quarter. Finally, Verde Servicos Internacionais S.A. lifted its holdings 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 valued at $23,082,000 after purchasing an additional 423,100 shares during the last quarter.

iShares Bitcoin Trust Stock Up 1.2 %

Shares of iShares Bitcoin Trust stock opened at $47.90 on Friday. The business has a fifty day simple moving average of $55.25 and a two-hundred day simple moving average of $46.72. 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.