Coordinated Financial Services Inc. Makes New $319,000 Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Coordinated Financial Services Inc. purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,006 shares of the company’s stock, valued at approximately $319,000.

A number of other hedge funds have also recently added to or reduced their stakes in IBIT. Proficio Capital Partners LLC lifted its position in shares of iShares Bitcoin Trust by 6,401.8% during the 4th quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company’s stock valued at $246,430,000 after acquiring an additional 4,573,794 shares during the period. Clear Street Derivatives LLC purchased a new stake in iShares Bitcoin Trust in the 3rd quarter worth approximately $23,686,000. CloudAlpha Capital Management Limited Hong Kong purchased a new stake in shares of iShares Bitcoin Trust during the 3rd quarter valued at $19,149,000. LMR Partners LLP lifted its holdings in shares of 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 acquiring an additional 490,000 shares in the last quarter. Finally, Verde Servicos Internacionais S.A. lifted its holdings in shares of 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 acquiring an additional 423,100 shares in the last quarter.

iShares Bitcoin Trust Trading Down 2.4 %

Shares of IBIT stock opened at $49.43 on Friday. iShares Bitcoin Trust has a 12 month low of $28.23 and a 12 month high of $61.75. The company’s fifty day moving average price is $54.78 and its two-hundred day moving average price is $47.29.

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.