Bank of America Corp DE Buys 249,292 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Bank of America Corp DE raised its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 154.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 410,560 shares of the company’s stock after purchasing an additional 249,292 shares during the period. Bank of America Corp DE owned 0.06% of iShares Bitcoin Trust worth $21,780,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of IBIT. Bearing Point Capital LLC bought a new position in shares of iShares Bitcoin Trust in the 4th quarter worth about $854,000. Alyeska Investment Group L.P. bought a new position in shares of iShares Bitcoin Trust in the 4th quarter worth about $48,399,000. Ancient Art L.P. bought a new position in shares of iShares Bitcoin Trust in the 4th quarter worth about $7,109,000. Ancora Advisors LLC raised its position in shares of iShares Bitcoin Trust by 114.4% in the 4th quarter. Ancora Advisors LLC now owns 3,293 shares of the company’s stock worth $175,000 after acquiring an additional 1,757 shares in the last quarter. Finally, Aptus Capital Advisors LLC raised its position in shares of iShares Bitcoin Trust by 30.1% in the 4th quarter. Aptus Capital Advisors LLC now owns 18,911 shares of the company’s stock worth $1,003,000 after acquiring an additional 4,374 shares in the last quarter.

iShares Bitcoin Trust Price Performance

IBIT stock opened at $59.99 on Tuesday. The stock has a 50-day moving average price of $50.87 and a 200-day moving average price of $52.79. iShares Bitcoin Trust has a 1-year low of $28.23 and a 1-year high of $61.75.

About iShares Bitcoin Trust

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.