Convergence Financial LLC bought a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) in the fourth quarter, HoldingsChannel reports. The firm bought 6,628 shares of the company’s stock, valued at approximately $352,000.
A number of other large investors have also modified their holdings of IBIT. IMC Chicago LLC acquired a new position in iShares Bitcoin Trust during the third quarter worth $323,337,000. Horizon Kinetics Asset Management LLC grew its stake in shares of iShares Bitcoin Trust by 11.9% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 805,803 shares of the company’s stock worth $29,114,000 after purchasing an additional 85,763 shares during the period. Parallax Volatility Advisers L.P. increased its holdings 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 in the last quarter. Clear Street Derivatives LLC acquired a new stake in shares of iShares Bitcoin Trust in the third quarter valued at about $23,686,000. Finally, LMR Partners LLP boosted its holdings in iShares Bitcoin Trust by 350.0% during the third quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock worth $22,762,000 after buying an additional 490,000 shares in the last quarter.
iShares Bitcoin Trust Stock Down 4.1 %
Shares of iShares Bitcoin Trust stock opened at $47.96 on Thursday. The company has a 50-day moving average of $55.54 and a two-hundred day moving average of $46.53. 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.
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Want to see what other hedge funds are holding IBIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Bitcoin Trust (NASDAQ:IBIT – Free Report).
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