IPG Investment Advisors LLC Grows Stock Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

IPG Investment Advisors LLC increased its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 16.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 27,622 shares of the company’s stock after purchasing an additional 3,957 shares during the period. IPG Investment Advisors LLC’s holdings in iShares Bitcoin Trust were worth $1,465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC raised its position in iShares Bitcoin Trust by 6,401.8% during the 4th quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company’s stock worth $246,430,000 after buying an additional 4,573,794 shares during the last quarter. Clear Street Derivatives LLC purchased a new position in iShares Bitcoin Trust during the third quarter worth about $23,686,000. LPL Financial LLC raised its holdings in iShares Bitcoin Trust by 485.5% during the fourth quarter. LPL Financial LLC now owns 752,583 shares of the company’s stock worth $39,925,000 after purchasing an additional 624,036 shares in the last quarter. Verde Servicos Internacionais S.A. lifted its position in 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 purchasing an additional 423,100 shares during the period. Finally, Parallax Volatility Advisers L.P. boosted its holdings in 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 in the last quarter.

iShares Bitcoin Trust Trading Down 3.8 %

NASDAQ IBIT opened at $47.56 on Friday. The business’s 50 day moving average is $52.64 and its two-hundred day moving average is $48.78. 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.