Nicholas Investment Partners LP Purchases New Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

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

Several other hedge funds also recently bought and sold shares of the stock. Franklin Resources Inc. acquired a new stake in shares of iShares Bitcoin Trust in the third quarter valued at $1,107,000. Wealth Enhancement Advisory Services LLC grew its position in iShares Bitcoin Trust by 0.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 88,837 shares of the company’s stock worth $4,713,000 after purchasing an additional 320 shares during the last quarter. Brookstone Capital Management grew its stake in shares of iShares Bitcoin Trust by 2.2% in the 4th quarter. Brookstone Capital Management now owns 191,555 shares of the company’s stock valued at $10,162,000 after purchasing an additional 4,173 shares during the last quarter. Capital Investment Advisors LLC purchased a new position in iShares Bitcoin Trust during the 4th quarter worth $371,000. Finally, Wedmont Private Capital acquired a new stake in iShares Bitcoin Trust in the fourth quarter valued at about $615,000.

iShares Bitcoin Trust Price Performance

Shares of NASDAQ:IBIT opened at $59.62 on Wednesday. iShares Bitcoin Trust has a 12 month low of $28.23 and a 12 month high of $61.75. The business’s 50 day simple moving average is $49.91 and its 200-day simple moving average is $52.17.

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.