IFP Advisors Inc Acquires 8,517 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

IFP Advisors Inc raised its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 224.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,318 shares of the company’s stock after buying an additional 8,517 shares during the quarter. IFP Advisors Inc’s holdings in iShares Bitcoin Trust were worth $653,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Horizon Kinetics Asset Management LLC increased its holdings in iShares Bitcoin Trust by 11.9% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 805,803 shares of the company’s stock valued at $29,114,000 after buying an additional 85,763 shares during the period. Parallax Volatility Advisers L.P. increased its holdings in 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 valued at $23,846,000 after buying an additional 370,000 shares during the period. Clear Street Derivatives LLC bought a new position in iShares Bitcoin Trust in the 3rd quarter valued at about $23,686,000. LMR Partners LLP increased its holdings in iShares Bitcoin Trust by 350.0% in the 3rd quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock valued at $22,762,000 after buying an additional 490,000 shares during the period. Finally, CloudAlpha Capital Management Limited Hong Kong bought a new position in iShares Bitcoin Trust in the 3rd quarter valued at about $19,149,000.

iShares Bitcoin Trust Price Performance

IBIT stock opened at $47.90 on Friday. iShares Bitcoin Trust has a 12 month low of $28.23 and a 12 month high of $61.75. The company’s 50-day moving average price is $55.25 and its two-hundred day moving average price is $46.63.

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.