Northbridge Financial Group LLC Makes New $1.28 Million Investment in iShares Bitcoin Trust ETF $IBIT

Northbridge Financial Group LLC bought a new position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 25,754 shares of the company’s stock, valued at approximately $1,279,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Laurore Ltd purchased a new stake in iShares Bitcoin Trust ETF in the 4th quarter worth approximately $436,239,000. Schonfeld Strategic Advisors LLC grew its holdings in iShares Bitcoin Trust ETF by 19.2% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 6,782,398 shares of the company’s stock valued at $440,856,000 after buying an additional 1,093,183 shares during the period. Sculptor Capital LP grew its holdings in iShares Bitcoin Trust ETF by 59.5% in the 2nd quarter. Sculptor Capital LP now owns 4,487,247 shares of the company’s stock valued at $274,664,000 after buying an additional 1,673,788 shares during the period. 59 North Capital Management LP purchased a new stake in iShares Bitcoin Trust ETF in the 3rd quarter valued at about $169,100,000. Finally, Crcm LP grew its holdings in iShares Bitcoin Trust ETF by 37.7% in the 3rd quarter. Crcm LP now owns 2,214,074 shares of the company’s stock valued at $143,915,000 after buying an additional 605,992 shares during the period.

iShares Bitcoin Trust ETF Stock Performance

IBIT opened at $43.50 on Wednesday. The business has a 50-day moving average of $41.89 and a two-hundred day moving average of $46.26. iShares Bitcoin Trust ETF has a 12 month low of $35.30 and a 12 month high of $71.82.

iShares Bitcoin Trust ETF 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.