LGL Partners LLC acquired a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 5,059 shares of the company’s stock, valued at approximately $268,000.
A number of other hedge funds have also bought and sold shares of the company. IMC Chicago LLC bought a new stake in iShares Bitcoin Trust during the third quarter valued at $323,337,000. Horizon Kinetics Asset Management LLC lifted its stake in shares of iShares Bitcoin Trust by 11.9% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 805,803 shares of the company’s stock valued at $29,114,000 after purchasing an additional 85,763 shares during the period. Parallax Volatility Advisers L.P. boosted its position in shares of iShares Bitcoin Trust by 127.6% during the 3rd quarter. Parallax Volatility Advisers L.P. now owns 660,000 shares of the company’s stock valued at $23,846,000 after purchasing an additional 370,000 shares in the last quarter. Clear Street Derivatives LLC acquired a new stake in iShares Bitcoin Trust during the third quarter worth approximately $23,686,000. Finally, LMR Partners LLP grew its stake in iShares Bitcoin Trust by 350.0% during the third quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock worth $22,762,000 after purchasing an additional 490,000 shares during the period.
iShares Bitcoin Trust Price Performance
Shares of IBIT opened at $50.03 on Wednesday. iShares Bitcoin Trust has a 52-week low of $28.23 and a 52-week high of $61.75. The business’s 50 day moving average price is $55.94 and its two-hundred day moving average price is $46.41.
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.
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Want to see what other hedge funds are holding IBIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Bitcoin Trust (NASDAQ:IBIT – Free Report).
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