World Equity Group Inc. Grows Position in iShares Bitcoin Trust (NASDAQ:IBIT)

World Equity Group Inc. lifted its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 31.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,027 shares of the company’s stock after purchasing an additional 2,151 shares during the period. World Equity Group Inc.’s holdings in iShares Bitcoin Trust were worth $326,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. IMC Chicago LLC purchased a new position in iShares Bitcoin Trust during the third quarter valued at $323,337,000. Aristeia Capital L.L.C. grew its position in iShares Bitcoin Trust by 47.2% in the 2nd quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company’s stock valued at $202,806,000 after acquiring an additional 1,903,644 shares during the last quarter. Sculptor Capital LP raised its stake in shares of iShares Bitcoin Trust by 188.1% during the second quarter. Sculptor Capital LP now owns 3,392,812 shares of the company’s stock valued at $115,831,000 after acquiring an additional 2,215,107 shares in the last quarter. D. E. Shaw & Co. Inc. increased its stake in shares of iShares Bitcoin Trust by 1,657.7% during the second quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company’s stock valued at $90,014,000 after buying an additional 2,486,608 shares during the period. Finally, Bracebridge Capital LLC purchased a new position in iShares Bitcoin Trust during the first quarter valued at approximately $100,639,000.

iShares Bitcoin Trust Price Performance

iShares Bitcoin Trust stock opened at $38.25 on Tuesday. iShares Bitcoin Trust has a 1-year low of $22.02 and a 1-year high of $41.99. The business has a fifty day moving average price of $35.87 and a 200-day moving average price of $36.08.

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.