Birch Hill Investment Advisors LLC Lowers Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Birch Hill Investment Advisors LLC decreased its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 9.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,300 shares of the company’s stock after selling 1,500 shares during the quarter. Birch Hill Investment Advisors LLC’s holdings in iShares Bitcoin Trust were worth $759,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. IMC Chicago LLC purchased a new position in iShares Bitcoin Trust during the 3rd quarter valued at about $323,337,000. Horizon Kinetics Asset Management LLC lifted its holdings in shares of iShares Bitcoin Trust by 11.9% during the third 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 shares of 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 purchasing an additional 370,000 shares in the last quarter. Clear Street Derivatives LLC bought a new position in iShares Bitcoin Trust during the 3rd quarter valued at approximately $23,686,000. Finally, LMR Partners LLP increased its position in iShares Bitcoin Trust by 350.0% during 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 in the last quarter.

iShares Bitcoin Trust Price Performance

NASDAQ IBIT opened at $54.47 on Friday. iShares Bitcoin Trust has a 12 month low of $25.64 and a 12 month high of $61.75. The stock’s fifty day moving average price is $56.35 and its 200-day moving average price is $44.80.

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.