Wick Capital Partners LLC Invests $346,000 in iShares Bitcoin Trust (NASDAQ:IBIT)

Wick Capital Partners LLC bought a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,525 shares of the company’s stock, valued at approximately $346,000.

Several other institutional investors and hedge funds also recently made changes to their positions in IBIT. Symmetry Investments LP boosted its holdings in shares of iShares Bitcoin Trust by 3,605.8% during the 4th quarter. Symmetry Investments LP now owns 12,678,808 shares of the company’s stock worth $672,611,000 after buying an additional 12,336,673 shares in the last quarter. Jericho Capital Asset Management L.P. acquired a new position in shares of iShares Bitcoin Trust during the 4th quarter valued at $378,140,000. Proficio Capital Partners LLC boosted its stake in iShares Bitcoin Trust by 6,401.8% during the fourth quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company’s stock worth $246,430,000 after acquiring an additional 4,573,794 shares in the last quarter. Tudor Investment Corp ET AL grew its holdings in iShares Bitcoin Trust by 81.8% in the fourth quarter. Tudor Investment Corp ET AL now owns 8,048,552 shares of the company’s stock worth $426,976,000 after purchasing an additional 3,620,322 shares during the period. Finally, Barclays PLC acquired a new stake in iShares Bitcoin Trust in the fourth quarter worth $131,196,000.

iShares Bitcoin Trust Price Performance

IBIT stock opened at $54.22 on Wednesday. The company’s 50-day moving average is $48.74 and its 200-day moving average is $50.95. iShares Bitcoin Trust has a 1 year low of $28.23 and a 1 year high of $61.75.

About iShares Bitcoin Trust

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.