iShares Bitcoin Trust (NASDAQ:IBIT) Stock Holdings Boosted by Pine Ridge Advisers LLC

Pine Ridge Advisers LLC lifted its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 7.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,208,075 shares of the company’s stock after acquiring an additional 152,890 shares during the quarter. iShares Bitcoin Trust makes up about 10.4% of Pine Ridge Advisers LLC’s investment portfolio, making the stock its 2nd biggest position. Pine Ridge Advisers LLC’s holdings in iShares Bitcoin Trust were worth $117,138,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of IBIT. Symmetry Investments LP boosted its holdings in shares of iShares Bitcoin Trust by 3,605.8% in the fourth quarter. Symmetry Investments LP now owns 12,678,808 shares of the company’s stock valued at $672,611,000 after acquiring an additional 12,336,673 shares during the period. Capula Management Ltd boosted its stake in iShares Bitcoin Trust by 8.7% during the 4th quarter. Capula Management Ltd now owns 9,268,886 shares of the company’s stock worth $491,714,000 after purchasing an additional 743,930 shares during the period. Proficio Capital Partners LLC grew its position in iShares Bitcoin Trust by 6,401.8% during the 4th quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company’s stock worth $246,430,000 after purchasing an additional 4,573,794 shares during the last quarter. Barclays PLC acquired a new position in iShares Bitcoin Trust in the fourth quarter valued at $131,196,000. Finally, NINE MASTS CAPITAL Ltd raised its holdings in shares of iShares Bitcoin Trust by 29.6% in the fourth quarter. NINE MASTS CAPITAL Ltd now owns 1,518,200 shares of the company’s stock valued at $80,541,000 after buying an additional 346,918 shares during the last quarter.

iShares Bitcoin Trust Price Performance

NASDAQ IBIT opened at $53.26 on Friday. iShares Bitcoin Trust has a 52-week low of $28.23 and a 52-week high of $61.75. The business’s 50-day moving average price is $48.77 and its 200 day moving average price is $50.44.

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.