iShares Bitcoin Trust (NASDAQ:IBIT) Stock Holdings Boosted by Elequin Capital LP

Elequin Capital LP lifted its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 67,452.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 528,260 shares of the company’s stock after purchasing an additional 527,478 shares during the period. iShares Bitcoin Trust accounts for approximately 2.2% of Elequin Capital LP’s portfolio, making the stock its 5th largest position. Elequin Capital LP owned 0.05% of iShares Bitcoin Trust worth $28,024,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of IBIT. Vision Financial Markets LLC purchased a new position in shares of iShares Bitcoin Trust during the fourth quarter valued at approximately $25,000. City Holding Co. increased its position in iShares Bitcoin Trust by 95.2% during the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock valued at $26,000 after buying an additional 238 shares in the last quarter. Stephens Consulting LLC raised its stake in iShares Bitcoin Trust by 62.8% during the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock valued at $26,000 after buying an additional 189 shares during the last quarter. Crewe Advisors LLC boosted its holdings in iShares Bitcoin Trust by 151.0% in the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock worth $27,000 after acquiring an additional 302 shares in the last quarter. Finally, Beacon Capital Management LLC purchased a new stake in shares of iShares Bitcoin Trust in the fourth quarter worth $28,000.

iShares Bitcoin Trust Stock Up 1.5%

IBIT stock opened at $60.91 on Wednesday. The stock’s 50 day simple moving average is $51.18 and its 200 day simple moving average is $52.84. iShares Bitcoin Trust has a 12-month low of $28.23 and a 12-month 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.