Nicholas Investment Partners LP Makes New $3.16 Million Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Nicholas Investment Partners LP bought a new position in iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 59,621 shares of the company’s stock, valued at approximately $3,163,000.

A number of other large investors have also made changes to their positions in the company. Nokomis Capital L.L.C. bought a new stake in iShares Bitcoin Trust during the 4th quarter valued at approximately $2,711,000. NorthRock Partners LLC bought a new position in iShares Bitcoin Trust during the 4th quarter valued at about $275,000. Obermeyer Wealth Partners purchased a new position in iShares Bitcoin Trust during the 4th quarter valued at $233,000. Measured Risk Portfolios Inc. bought a new stake in iShares Bitcoin Trust during the 4th quarter valued at about $67,000. Finally, Morse Asset Management Inc purchased a new stake in shares of iShares Bitcoin Trust in the 4th quarter worth $53,000.

iShares Bitcoin Trust Stock Performance

Shares of NASDAQ IBIT opened at $59.62 on Wednesday. The business has a fifty day moving average price of $49.91 and a 200 day moving average price of $52.17. iShares Bitcoin Trust has a 1-year low of $28.23 and a 1-year 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.