IMC Chicago LLC purchased a new stake in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,949,274 shares of the company's stock, valued at approximately $323,337,000. iShares Bitcoin Trust makes up about 0.2% of IMC Chicago LLC's holdings, making the stock its 7th largest position. IMC Chicago LLC owned about 1.39% of iShares Bitcoin Trust as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Private Advisor Group LLC increased its position in shares of iShares Bitcoin Trust by 117.9% during the third quarter. Private Advisor Group LLC now owns 335,820 shares of the company's stock worth $12,133,000 after purchasing an additional 181,700 shares in the last quarter. Kingsview Wealth Management LLC acquired a new stake in shares of iShares Bitcoin Trust during the first quarter worth about $1,403,000. Axxcess Wealth Management LLC acquired a new stake in shares of iShares Bitcoin Trust during the first quarter worth about $965,000. Pachira Investments Inc. acquired a new stake in shares of iShares Bitcoin Trust during the third quarter worth about $1,214,000. Finally, Walleye Trading LLC acquired a new position in iShares Bitcoin Trust in the 1st quarter valued at about $4,391,000.
iShares Bitcoin Trust Stock Performance
IBIT stock traded down $1.10 during trading on Thursday, hitting $39.78. The company had a trading volume of 47,916,008 shares, compared to its average volume of 30,821,563. iShares Bitcoin Trust has a 1-year low of $22.02 and a 1-year high of $41.99. The firm has a 50-day moving average price of $35.76 and a 200-day moving average price of $36.03.
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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