MIG Capital LLC Invests $326,000 in iShares Bitcoin Trust (NASDAQ:IBIT)

MIG Capital LLC acquired a new position in iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 6,148 shares of the company’s stock, valued at approximately $326,000.

Other large investors have also recently added to or reduced their stakes in the company. Hurley Capital LLC purchased a new stake in shares of iShares Bitcoin Trust in the fourth quarter valued at about $902,000. Envestnet Asset Management Inc. grew its holdings in iShares Bitcoin Trust by 58.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 206,636 shares of the company’s stock valued at $10,962,000 after buying an additional 75,945 shares during the last quarter. Wedbush Securities Inc. grew its holdings in iShares Bitcoin Trust by 24.1% during the 4th quarter. Wedbush Securities Inc. now owns 18,109 shares of the company’s stock valued at $961,000 after buying an additional 3,513 shares during the last quarter. Perennial Investment Advisors LLC purchased a new position in iShares Bitcoin Trust during the fourth quarter worth $696,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in shares of iShares Bitcoin Trust in the fourth quarter worth $80,000.

iShares Bitcoin Trust Trading Up 2.4 %

iShares Bitcoin Trust stock opened at $47.71 on Friday. The stock has a 50-day moving average price of $51.45 and a 200 day moving average price of $49.29. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 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.