ZEGA Investments LLC Buys Shares of 6,243 iShares Bitcoin Trust (NASDAQ:IBIT)

ZEGA Investments LLC purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 6,243 shares of the company’s stock, valued at approximately $331,000.

Several other institutional investors and hedge funds have also recently modified their holdings of IBIT. Proficio Capital Partners LLC boosted its holdings in iShares Bitcoin Trust by 6,401.8% in the 4th quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company’s stock valued at $246,430,000 after purchasing an additional 4,573,794 shares during the last quarter. NINE MASTS CAPITAL Ltd grew its position in iShares Bitcoin Trust by 29.6% in the fourth quarter. NINE MASTS CAPITAL Ltd now owns 1,518,200 shares of the company’s stock worth $80,541,000 after acquiring an additional 346,918 shares during the period. Horizon Kinetics Asset Management LLC increased its stake in iShares Bitcoin Trust by 7.3% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 864,272 shares of the company’s stock worth $45,850,000 after acquiring an additional 58,469 shares during the last quarter. Parallax Volatility Advisers L.P. lifted its stake in shares of iShares Bitcoin Trust by 127.6% in 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 during the last quarter. Finally, Clear Street Derivatives LLC purchased a new position in shares of iShares Bitcoin Trust during the 3rd quarter worth $23,686,000.

iShares Bitcoin Trust Stock Performance

Shares of IBIT opened at $47.70 on Friday. The company’s 50-day moving average price is $53.33 and its 200 day moving average price is $48.08. iShares Bitcoin Trust has a 12-month low of $28.23 and a 12-month high of $61.75.

About iShares Bitcoin Trust

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.