Sterling Investment Advisors Ltd. Increases Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Sterling Investment Advisors Ltd. raised its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 161.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,009 shares of the company’s stock after buying an additional 21,624 shares during the period. Sterling Investment Advisors Ltd.’s holdings in iShares Bitcoin Trust were worth $1,857,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. IMC Chicago LLC purchased a new stake in shares of iShares Bitcoin Trust in the third quarter valued at approximately $323,337,000. Horizon Kinetics Asset Management LLC boosted its holdings in shares of iShares Bitcoin Trust by 11.9% in the third quarter. Horizon Kinetics Asset Management LLC now owns 805,803 shares of the company’s stock valued at $29,114,000 after purchasing an additional 85,763 shares during the period. Parallax Volatility Advisers L.P. boosted its holdings in shares of 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 valued at $23,846,000 after purchasing an additional 370,000 shares during the period. Clear Street Derivatives LLC purchased a new stake in shares of iShares Bitcoin Trust in the third quarter valued at approximately $23,686,000. Finally, LMR Partners LLP boosted its holdings in shares of iShares Bitcoin Trust by 350.0% in the third quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock valued at $22,762,000 after purchasing an additional 490,000 shares during the period.

iShares Bitcoin Trust Trading Down 0.9 %

Shares of NASDAQ IBIT opened at $53.41 on Tuesday. iShares Bitcoin Trust has a 52-week low of $28.23 and a 52-week high of $61.75. The stock has a 50 day moving average price of $56.07 and a 200 day moving average price of $46.27.

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.