Hippocratic Financial Advisors LLC Makes New Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Hippocratic Financial Advisors LLC acquired a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,492 shares of the company’s stock, valued at approximately $238,000. iShares Bitcoin Trust accounts for approximately 0.2% of Hippocratic Financial Advisors LLC’s investment portfolio, making the stock its 21st biggest position.

Other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC raised its position in shares of iShares Bitcoin Trust by 6,401.8% in the fourth 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 during the period. Clear Street Derivatives LLC acquired a new position in iShares Bitcoin Trust during the 3rd quarter worth approximately $23,686,000. LPL Financial LLC boosted its holdings in shares of iShares Bitcoin Trust by 485.5% during the 4th quarter. LPL Financial LLC now owns 752,583 shares of the company’s stock valued at $39,925,000 after acquiring an additional 624,036 shares in the last quarter. Verde Servicos Internacionais S.A. raised its holdings in iShares Bitcoin Trust by 3,525.8% in the 4th quarter. Verde Servicos Internacionais S.A. now owns 435,100 shares of the company’s stock valued at $23,082,000 after buying an additional 423,100 shares during the last quarter. Finally, Parallax Volatility Advisers L.P. boosted its holdings 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 valued at $23,846,000 after acquiring an additional 370,000 shares during the last quarter.

iShares Bitcoin Trust Trading Up 0.5 %

Shares of IBIT stock opened at $49.44 on Friday. The stock has a 50 day simple moving average of $52.88 and a two-hundred day simple moving average of $48.57. iShares Bitcoin Trust has a fifty-two week low of $28.23 and a fifty-two week high of $61.75.

iShares Bitcoin Trust 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.