X Square Capital LLC Purchases 43,844 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

X Square Capital LLC grew its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 19.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 267,240 shares of the company’s stock after buying an additional 43,844 shares during the quarter. iShares Bitcoin Trust accounts for 5.8% of X Square Capital LLC’s holdings, making the stock its largest holding. X Square Capital LLC’s holdings in iShares Bitcoin Trust were worth $14,177,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of IBIT. Hippocratic Financial Advisors LLC purchased a new stake in iShares Bitcoin Trust during the 4th quarter worth approximately $238,000. Howe & Rusling Inc. acquired a new position in shares of iShares Bitcoin Trust in the fourth quarter worth $238,000. AssuredPartners Investment Advisors LLC purchased a new stake in shares of iShares Bitcoin Trust during the fourth quarter worth $944,000. JPMorgan Chase & Co. raised its stake in shares of iShares Bitcoin Trust by 1,254.5% in the fourth quarter. JPMorgan Chase & Co. now owns 5,242 shares of the company’s stock valued at $278,000 after acquiring an additional 4,855 shares in the last quarter. Finally, Mint Tower Capital Management B.V. raised its stake in shares of iShares Bitcoin Trust by 10.4% in the fourth quarter. Mint Tower Capital Management B.V. now owns 222,892 shares of the company’s stock valued at $11,824,000 after acquiring an additional 20,913 shares in the last quarter.

iShares Bitcoin Trust Price Performance

IBIT opened at $49.44 on Friday. The business has a fifty day moving average price of $52.88 and a 200 day moving average price of $48.57. iShares Bitcoin Trust has a 12 month low of $28.23 and a 12 month high of $61.75.

About iShares Bitcoin Trust

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.