Ancient Art L.P. Purchases New Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

Ancient Art L.P. purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 134,000 shares of the company’s stock, valued at approximately $7,109,000. iShares Bitcoin Trust makes up about 1.5% of Ancient Art L.P.’s investment portfolio, making the stock its 13th biggest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vision Financial Markets LLC bought a new position in shares of iShares Bitcoin Trust during the 4th quarter valued at about $25,000. Union Savings Bank bought a new stake in iShares Bitcoin Trust in the 4th quarter valued at $25,000. City Holding Co. lifted its position in iShares Bitcoin Trust by 95.2% in the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock valued at $26,000 after acquiring an additional 238 shares in the last quarter. Stephens Consulting LLC raised its stake in shares of iShares Bitcoin Trust by 62.8% in the 4th quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock valued at $26,000 after purchasing an additional 189 shares during the period. Finally, Crewe Advisors LLC lifted its holdings in shares of iShares Bitcoin Trust by 151.0% in the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock valued at $27,000 after purchasing an additional 302 shares in the last quarter.

iShares Bitcoin Trust Trading Up 0.4 %

NASDAQ:IBIT opened at $55.19 on Friday. The stock has a 50-day simple moving average of $48.86 and a 200 day simple moving average of $51.20. iShares Bitcoin Trust has a 52-week low of $28.23 and a 52-week high of $61.75.

iShares Bitcoin Trust Company 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.