iShares Bitcoin Trust (NASDAQ:IBIT) Shares Bought by Udine Wealth Management Inc.

Udine Wealth Management Inc. lifted its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 4.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 54,289 shares of the company’s stock after purchasing an additional 2,233 shares during the quarter. iShares Bitcoin Trust accounts for approximately 1.4% of Udine Wealth Management Inc.’s investment portfolio, making the stock its 19th biggest holding. Udine Wealth Management Inc.’s holdings in iShares Bitcoin Trust were worth $1,961,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aristeia Capital L.L.C. increased its stake in shares of iShares Bitcoin Trust by 47.2% during the second quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company’s stock worth $202,806,000 after purchasing an additional 1,903,644 shares in the last quarter. Sculptor Capital LP grew its stake in iShares Bitcoin Trust by 188.1% during the 2nd quarter. Sculptor Capital LP now owns 3,392,812 shares of the company’s stock valued at $115,831,000 after acquiring an additional 2,215,107 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings 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. Bracebridge Capital LLC acquired a new position in iShares Bitcoin Trust in the 1st quarter valued at about $100,639,000. Finally, Point72 Asset Management L.P. acquired a new position in iShares Bitcoin Trust in the 2nd quarter valued at about $56,965,000.

iShares Bitcoin Trust Stock Performance

Shares of IBIT stock opened at $35.40 on Wednesday. The firm’s 50 day moving average price is $34.31 and its 200-day moving average price is $36.13. iShares Bitcoin Trust has a one year low of $22.02 and a one year high of $41.99.

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.