DAVENPORT & Co LLC Purchases New Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

DAVENPORT & Co LLC bought a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 4,461 shares of the company’s stock, valued at approximately $237,000.

Several other institutional investors have also modified their holdings of IBIT. IMC Chicago LLC acquired a new stake in iShares Bitcoin Trust in the third quarter worth about $323,337,000. Clear Street Derivatives LLC acquired a new stake in iShares Bitcoin Trust in the third quarter worth about $23,686,000. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in iShares Bitcoin Trust in the 3rd quarter valued at about $19,149,000. LMR Partners LLP lifted its holdings in iShares Bitcoin Trust by 350.0% in 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 during the last quarter. Finally, Verde Servicos Internacionais S.A. lifted its holdings in iShares Bitcoin Trust by 3,525.8% in 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 during the last quarter.

iShares Bitcoin Trust Price Performance

Shares of NASDAQ IBIT opened at $54.47 on Monday. iShares Bitcoin Trust has a twelve month low of $25.64 and a twelve month high of $61.75. The firm has a 50-day moving average of $56.35 and a two-hundred day moving average of $44.86.

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.