Proathlete Wealth Management LLC Buys 14,366 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Proathlete Wealth Management LLC raised its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 11.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 138,101 shares of the company’s stock after buying an additional 14,366 shares during the quarter. iShares Bitcoin Trust comprises 2.8% of Proathlete Wealth Management LLC’s investment portfolio, making the stock its 11th largest position. Proathlete Wealth Management LLC’s holdings in iShares Bitcoin Trust were worth $7,326,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in IBIT. IMC Chicago LLC bought a new stake in shares of iShares Bitcoin Trust in the 3rd quarter worth approximately $323,337,000. Clear Street Derivatives LLC purchased a new position in shares of iShares Bitcoin Trust in the 3rd quarter valued at approximately $23,686,000. CloudAlpha Capital Management Limited Hong Kong purchased a new position in shares of iShares Bitcoin Trust in the 3rd quarter valued at approximately $19,149,000. LMR Partners LLP lifted its stake in shares of 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 purchasing an additional 490,000 shares during the period. Finally, Verde Servicos Internacionais S.A. lifted its stake in shares of 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 purchasing an additional 423,100 shares during the period.

iShares Bitcoin Trust Stock Performance

IBIT opened at $57.85 on Tuesday. The business has a 50 day moving average of $55.77 and a 200-day moving average of $43.45. iShares Bitcoin Trust has a 52 week low of $23.88 and a 52 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.