IMC Chicago LLC Takes $323.34 Million Position in iShares Bitcoin Trust (NASDAQ:IBIT)

IMC Chicago LLC bought a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 8,949,274 shares of the company’s stock, valued at approximately $323,337,000. iShares Bitcoin Trust comprises approximately 0.2% of IMC Chicago LLC’s portfolio, making the stock its 7th largest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Asset Dedication LLC increased its position in shares of iShares Bitcoin Trust by 52.4% in the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after acquiring an additional 279 shares during the period. Bfsg LLC increased its holdings in iShares Bitcoin Trust by 34.7% during the 2nd quarter. Bfsg LLC now owns 1,360 shares of the company’s stock valued at $46,000 after purchasing an additional 350 shares during the period. Doliver Advisors LP raised its position in iShares Bitcoin Trust by 4.9% during the 3rd quarter. Doliver Advisors LP now owns 7,558 shares of the company’s stock valued at $273,000 after purchasing an additional 350 shares during the last quarter. Cedar Mountain Advisors LLC lifted its holdings in iShares Bitcoin Trust by 39.1% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 1,362 shares of the company’s stock worth $46,000 after buying an additional 383 shares during the period. Finally, Mirador Capital Partners LP raised its holdings in shares of iShares Bitcoin Trust by 4.0% during the third quarter. Mirador Capital Partners LP now owns 10,057 shares of the company’s stock valued at $363,000 after acquiring an additional 384 shares in the last quarter.

iShares Bitcoin Trust Trading Down 1.1 %

NASDAQ:IBIT opened at $40.88 on Thursday. The firm’s fifty day simple moving average is $35.65 and its 200 day simple moving average is $36.01. iShares Bitcoin Trust has a twelve month low of $22.02 and a twelve month high of $41.99.

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.