Epiq Partners LLC Sells 12,522 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Epiq Partners LLC cut its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 10.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 102,205 shares of the company’s stock after selling 12,522 shares during the quarter. iShares Bitcoin Trust accounts for approximately 2.9% of Epiq Partners LLC’s investment portfolio, making the stock its 12th largest position. Epiq Partners LLC’s holdings in iShares Bitcoin Trust were worth $5,422,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of IBIT. IMC Chicago LLC bought a new position in iShares Bitcoin Trust in the third quarter worth approximately $323,337,000. Horizon Kinetics Asset Management LLC raised its stake in 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 worth $29,114,000 after buying an additional 85,763 shares in the last quarter. Parallax Volatility Advisers L.P. lifted its holdings in iShares Bitcoin Trust by 127.6% during the third quarter. Parallax Volatility Advisers L.P. now owns 660,000 shares of the company’s stock worth $23,846,000 after buying an additional 370,000 shares during the period. Clear Street Derivatives LLC bought a new stake in iShares Bitcoin Trust during the 3rd quarter valued at $23,686,000. Finally, LMR Partners LLP raised its position in shares of iShares Bitcoin Trust by 350.0% in the 3rd quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock worth $22,762,000 after acquiring an additional 490,000 shares in the last quarter.

iShares Bitcoin Trust Trading Down 3.1 %

NASDAQ IBIT opened at $57.85 on Tuesday. The company has a 50 day moving average price of $55.77 and a 200 day moving average price of $43.45. iShares Bitcoin Trust has a 52 week low of $23.88 and a 52 week 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.