U.S. Capital Wealth Advisors LLC increased its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 304.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 35,181 shares of the company's stock after buying an additional 26,475 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in iShares Bitcoin Trust were worth $1,866,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IBIT. IMC Chicago LLC acquired a new stake in shares of iShares Bitcoin Trust during the 3rd quarter worth approximately $323,337,000. Horizon Kinetics Asset Management LLC increased its stake in iShares Bitcoin Trust by 11.9% during the third quarter. Horizon Kinetics Asset Management LLC now owns 805,803 shares of the company's stock worth $29,114,000 after acquiring an additional 85,763 shares during the last quarter. Parallax Volatility Advisers L.P. raised its position in iShares Bitcoin Trust by 127.6% in the third 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 during the period. Clear Street Derivatives LLC acquired a new position in shares of iShares Bitcoin Trust in the 3rd quarter valued at $23,686,000. Finally, LMR Partners LLP grew its holdings in shares of iShares Bitcoin Trust by 350.0% during the 3rd 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 Stock Down 1.4 %
Shares of NASDAQ:IBIT traded down $0.80 during midday trading on Wednesday, reaching $55.33. 24,411,486 shares of the company's stock were exchanged, compared to its average volume of 48,282,727. The firm's 50 day simple moving average is $56.35 and its two-hundred day simple moving average is $44.55. iShares Bitcoin Trust has a fifty-two week low of $24.45 and a fifty-two week high of $61.75.
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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