BNC Wealth Management LLC Makes New Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

BNC Wealth Management LLC acquired a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 24,163 shares of the company’s stock, valued at approximately $1,282,000.

A number of other institutional investors have also modified their holdings of the company. IMC Chicago LLC purchased a new position in shares of iShares Bitcoin Trust in the third quarter valued at $323,337,000. D. E. Shaw & Co. Inc. lifted its position in iShares Bitcoin Trust by 1,657.7% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company’s stock valued at $90,014,000 after purchasing an additional 2,486,608 shares during the last quarter. Sculptor Capital LP lifted its position in iShares Bitcoin Trust by 188.1% in the 2nd quarter. Sculptor Capital LP now owns 3,392,812 shares of the company’s stock valued at $115,831,000 after purchasing an additional 2,215,107 shares during the last quarter. Aristeia Capital L.L.C. raised its position in shares of iShares Bitcoin Trust by 47.2% during the 2nd quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company’s stock worth $202,806,000 after buying an additional 1,903,644 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of iShares Bitcoin Trust during the 2nd quarter worth about $56,965,000.

iShares Bitcoin Trust Price Performance

iShares Bitcoin Trust stock opened at $59.62 on Friday. The firm’s 50 day simple moving average is $54.88 and its 200-day simple moving average is $42.45. iShares Bitcoin Trust has a fifty-two week low of $22.02 and a fifty-two week high of $61.75.

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.