iShares Bitcoin Trust (NASDAQ:IBIT) Shares Bought by Compass Ion Advisors LLC

Compass Ion Advisors LLC boosted its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 1,905.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 171,608 shares of the company’s stock after purchasing an additional 163,053 shares during the period. iShares Bitcoin Trust makes up approximately 1.1% of Compass Ion Advisors LLC’s portfolio, making the stock its 17th biggest holding. Compass Ion Advisors LLC’s holdings in iShares Bitcoin Trust were worth $9,104,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC grew its position in shares of iShares Bitcoin Trust by 6,401.8% during the 4th quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company’s stock valued at $246,430,000 after acquiring an additional 4,573,794 shares during the period. NINE MASTS CAPITAL Ltd boosted its holdings in iShares Bitcoin Trust by 29.6% in the 4th quarter. NINE MASTS CAPITAL Ltd now owns 1,518,200 shares of the company’s stock worth $80,541,000 after buying an additional 346,918 shares during the last quarter. Horizon Kinetics Asset Management LLC boosted its holdings in iShares Bitcoin Trust by 7.3% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 864,272 shares of the company’s stock worth $45,850,000 after buying an additional 58,469 shares during the last quarter. Parallax Volatility Advisers L.P. boosted 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 worth $23,846,000 after buying an additional 370,000 shares during the last quarter. Finally, Clear Street Derivatives LLC acquired a new stake in iShares Bitcoin Trust in the 3rd quarter worth about $23,686,000.

iShares Bitcoin Trust Trading Down 2.6 %

IBIT stock opened at $46.81 on Wednesday. The business’s 50-day moving average is $53.66 and its 200 day moving average is $47.98. iShares Bitcoin Trust has a 12-month low of $28.23 and a 12-month 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.