Clare Market Investments LLC Makes New $9.25 Million Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Clare Market Investments LLC bought a new position in iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 174,303 shares of the company’s stock, valued at approximately $9,247,000. iShares Bitcoin Trust makes up approximately 2.2% of Clare Market Investments LLC’s investment portfolio, making the stock its 11th largest holding.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Grant Street Asset Management Inc. boosted its stake in shares of iShares Bitcoin Trust by 11.0% in the 4th quarter. Grant Street Asset Management Inc. now owns 11,656 shares of the company’s stock worth $618,000 after buying an additional 1,156 shares during the last quarter. Vista Investment Partners II LLC purchased a new position in shares of iShares Bitcoin Trust in the 4th quarter worth $368,000. Tortoise Investment Management LLC boosted its stake in shares of iShares Bitcoin Trust by 90.0% in the 4th quarter. Tortoise Investment Management LLC now owns 1,330 shares of the company’s stock worth $71,000 after buying an additional 630 shares during the last quarter. Independent Advisor Alliance boosted its stake in shares of iShares Bitcoin Trust by 2,052.6% in the 4th quarter. Independent Advisor Alliance now owns 136,542 shares of the company’s stock worth $7,244,000 after buying an additional 130,199 shares during the last quarter. Finally, Altiora Financial Group LLC lifted its position in iShares Bitcoin Trust by 6.3% during the fourth quarter. Altiora Financial Group LLC now owns 22,638 shares of the company’s stock valued at $1,201,000 after purchasing an additional 1,346 shares in the last quarter.

iShares Bitcoin Trust Trading Down 2.4 %

NASDAQ IBIT opened at $49.43 on Monday. The business’s fifty day moving average is $54.78 and its 200 day moving average is $47.38. iShares Bitcoin Trust has a fifty-two week low of $28.23 and a fifty-two week 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.