Torno Capital LLC Makes New Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Torno Capital LLC acquired a new position in iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 100,000 shares of the company’s stock, valued at approximately $5,305,000. iShares Bitcoin Trust comprises 0.5% of Torno Capital LLC’s investment portfolio, making the stock its 9th biggest holding.

A number of other hedge funds also recently made changes to their positions in IBIT. Sentinus LLC bought a new position in iShares Bitcoin Trust during the 4th quarter valued at $443,000. Silvercrest Asset Management Group LLC boosted its holdings in shares of iShares Bitcoin Trust by 15.0% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 6,730 shares of the company’s stock worth $357,000 after purchasing an additional 880 shares during the period. Ratan Capital Management LP purchased a new position in shares of iShares Bitcoin Trust during the 4th quarter valued at $33,422,000. Riverview Capital Advisers LLC acquired a new position in iShares Bitcoin Trust in the 4th quarter worth about $256,000. Finally, Quadcap Wealth Management LLC increased its holdings in iShares Bitcoin Trust by 36.5% in the fourth quarter. Quadcap Wealth Management LLC now owns 12,668 shares of the company’s stock worth $672,000 after buying an additional 3,385 shares during the last quarter.

iShares Bitcoin Trust Trading Up 0.9%

Shares of NASDAQ:IBIT opened at $59.20 on Friday. The firm has a fifty day moving average price of $50.61 and a 200 day moving average price of $52.55. 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.