Provident Wealth Management LLC Makes New $265,000 Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Provident Wealth Management LLC acquired a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 5,000 shares of the company’s stock, valued at approximately $265,000.

Other hedge funds also recently made changes to their positions in the company. IMC Chicago LLC bought a new stake in iShares Bitcoin Trust in the 3rd quarter worth approximately $323,337,000. Horizon Kinetics Asset Management LLC lifted its holdings in shares of 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 worth $29,114,000 after acquiring an additional 85,763 shares during the last quarter. Parallax Volatility Advisers L.P. lifted its holdings 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 acquiring an additional 370,000 shares during the last quarter. Clear Street Derivatives LLC purchased a new stake in shares of iShares Bitcoin Trust in the 3rd quarter valued at $23,686,000. Finally, LMR Partners LLP grew its holdings in shares of 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 purchasing an additional 490,000 shares during the last quarter.

iShares Bitcoin Trust Price Performance

iShares Bitcoin Trust stock opened at $50.03 on Wednesday. The firm has a fifty day simple moving average of $55.72 and a two-hundred day simple moving average of $46.52. iShares Bitcoin Trust has a twelve month low of $28.23 and a twelve month high of $61.75.

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.