LPL Financial LLC Purchases 624,036 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

LPL Financial LLC boosted its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 485.5% during the 4th quarter, Holdings Channel reports. The fund owned 752,583 shares of the company’s stock after buying an additional 624,036 shares during the period. LPL Financial LLC’s holdings in iShares Bitcoin Trust were worth $39,925,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC raised its position in shares of iShares Bitcoin Trust by 6,401.8% during the fourth quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company’s stock worth $246,430,000 after purchasing an additional 4,573,794 shares during the period. Clear Street Derivatives LLC acquired a new position in iShares Bitcoin Trust during the third quarter worth $23,686,000. Verde Servicos Internacionais S.A. lifted its stake in shares of iShares Bitcoin Trust by 3,525.8% in the fourth quarter. Verde Servicos Internacionais S.A. now owns 435,100 shares of the company’s stock valued at $23,082,000 after buying an additional 423,100 shares in the last quarter. Parallax Volatility Advisers L.P. grew its holdings in shares of iShares Bitcoin Trust by 127.6% during the third quarter. Parallax Volatility Advisers L.P. now owns 660,000 shares of the company’s stock valued at $23,846,000 after buying an additional 370,000 shares during the last quarter. Finally, NINE MASTS CAPITAL Ltd increased its position in shares of iShares Bitcoin Trust by 29.6% during 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 in the last quarter.

iShares Bitcoin Trust Stock Performance

IBIT opened at $47.56 on Friday. iShares Bitcoin Trust has a fifty-two week low of $28.23 and a fifty-two week high of $61.75. The company’s 50-day moving average is $52.64 and its 200 day moving average is $48.68.

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.