Howland Capital Management LLC acquired a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) during the fourth quarter, HoldingsChannel reports. The fund acquired 5,378 shares of the company’s stock, valued at approximately $285,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. IMC Chicago LLC bought a new stake in iShares Bitcoin Trust during the third quarter valued at approximately $323,337,000. Horizon Kinetics Asset Management LLC grew its position 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 valued at $29,114,000 after acquiring an additional 85,763 shares during the period. Parallax Volatility Advisers L.P. increased its stake 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 worth $23,846,000 after purchasing an additional 370,000 shares in the last quarter. Clear Street Derivatives LLC bought a new position in iShares Bitcoin Trust in the 3rd quarter worth $23,686,000. Finally, LMR Partners LLP lifted its position in iShares Bitcoin Trust by 350.0% during 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 in the last quarter.
iShares Bitcoin Trust Price Performance
NASDAQ:IBIT opened at $54.47 on Monday. The stock has a 50-day simple moving average of $56.35 and a two-hundred day simple moving average of $44.86. iShares Bitcoin Trust has a 52-week low of $25.64 and a 52-week high of $61.75.
iShares Bitcoin Trust Company Profile
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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