Powell Investment Advisors LLC Has $804,000 Stock Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Powell Investment Advisors LLC boosted its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 79.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 15,154 shares of the company’s stock after purchasing an additional 6,709 shares during the period. Powell Investment Advisors LLC’s holdings in iShares Bitcoin Trust were worth $804,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of IBIT. IMC Chicago LLC bought a new position in shares of iShares Bitcoin Trust during the 3rd quarter worth approximately $323,337,000. Horizon Kinetics Asset Management LLC lifted its holdings in 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 purchasing an additional 85,763 shares during the last quarter. Parallax Volatility Advisers L.P. boosted its position 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 purchasing an additional 370,000 shares during the period. Clear Street Derivatives LLC acquired a new position in shares of iShares Bitcoin Trust in the third quarter valued at $23,686,000. Finally, LMR Partners LLP increased 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 last quarter.

iShares Bitcoin Trust Stock Performance

NASDAQ IBIT opened at $54.47 on Monday. The firm has a 50-day moving average of $56.35 and a 200-day 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.