Douglass Winthrop Advisors LLC Acquires New Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Douglass Winthrop Advisors LLC bought a new position in iShares Bitcoin Trust (NASDAQ:IBIT) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,568 shares of the company’s stock, valued at approximately $201,000.

Other large investors have also recently added to or reduced their stakes in the company. IMC Chicago LLC acquired a new stake in shares of iShares Bitcoin Trust in the third quarter worth $323,337,000. D. E. Shaw & Co. Inc. lifted its position in iShares Bitcoin Trust by 1,657.7% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,636,608 shares of the company’s stock worth $90,014,000 after acquiring an additional 2,486,608 shares during the last quarter. Sculptor Capital LP boosted its holdings in 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 during the period. Aristeia Capital L.L.C. grew its position in shares of iShares Bitcoin Trust by 47.2% in the second quarter. Aristeia Capital L.L.C. now owns 5,940,411 shares of the company’s stock valued at $202,806,000 after purchasing an additional 1,903,644 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of iShares Bitcoin Trust in the second quarter worth about $56,965,000.

iShares Bitcoin Trust Stock Performance

Shares of NASDAQ:IBIT opened at $54.02 on Tuesday. The business has a 50 day moving average price of $40.92 and a 200 day moving average price of $37.58. iShares Bitcoin Trust has a twelve month low of $22.02 and a twelve month high of $56.86.

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.