K2 Principal Fund L.P. raised its holdings in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 20.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 240,001 shares of the company's stock after purchasing an additional 40,001 shares during the quarter. iShares Bitcoin Trust accounts for 1.3% of K2 Principal Fund L.P.'s investment portfolio, making the stock its 27th largest position. K2 Principal Fund L.P.'s holdings in iShares Bitcoin Trust were worth $8,671,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the business. Vienna Asset Management LLC increased its stake in shares of iShares Bitcoin Trust by 131.6% during the 3rd quarter. Vienna Asset Management LLC now owns 26,642 shares of the company's stock worth $963,000 after purchasing an additional 15,137 shares during the last quarter. Garden State Investment Advisory Services LLC bought a new position in iShares Bitcoin Trust during the third quarter valued at $656,000. Capstone Investment Advisors LLC purchased a new stake in iShares Bitcoin Trust in the third quarter worth $11,507,000. Marathon Trading Investment Management LLC raised its stake in shares of iShares Bitcoin Trust by 238.4% in the third quarter. Marathon Trading Investment Management LLC now owns 77,600 shares of the company's stock valued at $2,804,000 after buying an additional 54,671 shares during the period. Finally, Paragon Advisors LLC lifted its position in shares of iShares Bitcoin Trust by 54.8% during the 3rd 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 during the last quarter.
iShares Bitcoin Trust Trading Up 2.5 %
IBIT traded up $1.40 during trading hours on Friday, hitting $57.80. The stock had a trading volume of 49,583,570 shares, compared to its average volume of 34,372,824. iShares Bitcoin Trust has a 1 year low of $22.02 and a 1 year high of $59.16. The company's fifty day simple moving average is $44.39 and its 200 day simple moving average is $38.70.
iShares Bitcoin Trust Company Profile
(
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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