Rpo LLC boosted its holdings in iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) by 79.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,857 shares of the company’s stock after acquiring an additional 13,250 shares during the period. iShares Bitcoin Trust accounts for 0.9% of Rpo LLC’s holdings, making the stock its 8th biggest position. Rpo LLC’s holdings in iShares Bitcoin Trust were worth $1,079,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the business. Glass Jacobson Investment Advisors llc bought a new stake in shares of iShares Bitcoin Trust during the second quarter worth approximately $26,000. Asset Dedication LLC grew its holdings in iShares Bitcoin Trust by 52.4% in the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after buying an additional 279 shares in the last quarter. Creekmur Asset Management LLC bought a new position in iShares Bitcoin Trust during the 1st quarter worth $30,000. International Assets Investment Management LLC acquired a new stake in shares of iShares Bitcoin Trust during the second quarter worth $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of iShares Bitcoin Trust in the second quarter valued at about $36,000.
iShares Bitcoin Trust Stock Up 1.1 %
NASDAQ:IBIT opened at $52.70 on Wednesday. iShares Bitcoin Trust has a 52 week low of $22.02 and a 52 week high of $53.66. The firm’s 50-day simple moving average is $39.17 and its 200 day simple moving average is $37.03.
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.
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