HGC Investment Management Inc. reduced its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 19.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 311,809 shares of the company's stock after selling 77,191 shares during the quarter. iShares Bitcoin Trust comprises about 4.8% of HGC Investment Management Inc.'s portfolio, making the stock its 7th biggest position. HGC Investment Management Inc.'s holdings in iShares Bitcoin Trust were worth $11,266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently modified their holdings of the company. Garden State Investment Advisory Services LLC bought a new position in iShares Bitcoin Trust during the third quarter worth about $656,000. Capstone Investment Advisors LLC bought a new stake in iShares Bitcoin Trust during the 3rd quarter worth approximately $11,507,000. Marathon Trading Investment Management LLC raised its holdings in iShares Bitcoin Trust by 238.4% during the 3rd quarter. Marathon Trading Investment Management LLC now owns 77,600 shares of the company's stock worth $2,804,000 after buying an additional 54,671 shares during the period. Paragon Advisors LLC lifted its stake in iShares Bitcoin Trust by 54.8% in the third quarter. Paragon Advisors LLC now owns 458,111 shares of the company's stock valued at $16,552,000 after buying an additional 162,178 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings in shares of iShares Bitcoin Trust by 117.9% in the third quarter. Private Advisor Group LLC now owns 335,820 shares of the company's stock valued at $12,133,000 after buying an additional 181,700 shares during the period.
iShares Bitcoin Trust Trading Down 0.0 %
Shares of NASDAQ:IBIT traded down $0.02 during midday trading on Tuesday, reaching $54.46. 38,855,332 shares of the company were exchanged, compared to its average volume of 33,951,875. iShares Bitcoin Trust has a fifty-two week low of $22.02 and a fifty-two week high of $56.86. The stock has a fifty day simple moving average of $42.82 and a two-hundred day simple moving average of $38.22.
About iShares Bitcoin Trust
(
Free Report)
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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