Princeton Global Asset Management LLC Has $256,000 Stock Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Princeton Global Asset Management LLC raised its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 22.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,818 shares of the company’s stock after buying an additional 875 shares during the period. Princeton Global Asset Management LLC’s holdings in iShares Bitcoin Trust were worth $256,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in IBIT. IMC Chicago LLC acquired a new stake in iShares Bitcoin Trust in the third quarter valued at approximately $323,337,000. Clear Street Derivatives LLC acquired a new stake in iShares Bitcoin Trust in the third quarter valued at approximately $23,686,000. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in iShares Bitcoin Trust in the third quarter valued at approximately $19,149,000. LMR Partners LLP boosted its position in iShares Bitcoin Trust by 350.0% in the third quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock valued at $22,762,000 after buying an additional 490,000 shares in the last quarter. Finally, Verde Servicos Internacionais S.A. boosted its position in iShares Bitcoin Trust by 3,525.8% in the fourth quarter. Verde Servicos Internacionais S.A. now owns 435,100 shares of the company’s stock valued at $23,082,000 after buying an additional 423,100 shares in the last quarter.

iShares Bitcoin Trust Stock Performance

Shares of iShares Bitcoin Trust stock opened at $57.58 on Tuesday. iShares Bitcoin Trust has a fifty-two week low of $24.13 and a fifty-two week high of $61.75. The company’s 50 day moving average price is $56.19 and its two-hundred day moving average price is $44.27.

iShares Bitcoin Trust 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.