Mosaic Financial Group LLC Invests $284,000 in iShares Bitcoin Trust (NASDAQ:IBIT)

Mosaic Financial Group LLC acquired a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,359 shares of the company’s stock, valued at approximately $284,000.

Other hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC boosted its stake 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 valued at $246,430,000 after purchasing an additional 4,573,794 shares in the last quarter. NINE MASTS CAPITAL Ltd lifted its holdings in shares of 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 valued at $80,541,000 after buying an additional 346,918 shares during the period. Horizon Kinetics Asset Management LLC boosted 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 valued at $45,850,000 after buying an additional 58,469 shares in the last quarter. LPL Financial LLC grew 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 acquiring an additional 624,036 shares during the period. Finally, 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 worth $23,846,000 after acquiring an additional 370,000 shares in the last quarter.

iShares Bitcoin Trust Price Performance

Shares of NASDAQ IBIT opened at $46.81 on Tuesday. The firm has a 50-day moving average of $52.38 and a two-hundred day moving average of $48.99. iShares Bitcoin Trust has a twelve month low of $28.23 and a twelve 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.