Napa Wealth Management Buys New Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Napa Wealth Management bought a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 28,860 shares of the company’s stock, valued at approximately $1,531,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Millennium Management LLC raised its stake in iShares Bitcoin Trust by 27.0% in the fourth quarter. Millennium Management LLC now owns 29,850,198 shares of the company’s stock valued at $1,583,553,000 after purchasing an additional 6,352,197 shares in the last quarter. Brevan Howard Capital Management LP purchased a new stake in iShares Bitcoin Trust in the fourth quarter valued at approximately $1,385,364,000. Symmetry Investments LP raised its stake in iShares Bitcoin Trust by 3,605.8% in the fourth quarter. Symmetry Investments LP now owns 12,678,808 shares of the company’s stock valued at $672,611,000 after purchasing an additional 12,336,673 shares in the last quarter. D. E. Shaw & Co. Inc. raised its stake in iShares Bitcoin Trust by 344.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 9,667,431 shares of the company’s stock valued at $512,857,000 after purchasing an additional 7,494,123 shares in the last quarter. Finally, Capula Management Ltd raised its stake in shares of iShares Bitcoin Trust by 8.7% during the fourth quarter. Capula Management Ltd now owns 9,268,886 shares of the company’s stock worth $491,714,000 after acquiring an additional 743,930 shares in the last quarter.

iShares Bitcoin Trust Price Performance

IBIT stock opened at $57.88 on Tuesday. iShares Bitcoin Trust has a one year low of $28.23 and a one year high of $61.75. The company’s 50 day moving average price is $49.73 and its two-hundred day moving average price is $52.12.

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.