Palumbo Wealth Management LLC bought a new stake in iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,397 shares of the company’s stock, valued at approximately $658,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. IMC Chicago LLC acquired a new position in iShares Bitcoin Trust in the third quarter valued at $323,337,000. Horizon Kinetics Asset Management LLC raised 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 period. Parallax Volatility Advisers L.P. raised its holdings in shares of iShares Bitcoin Trust by 127.6% during the third quarter. Parallax Volatility Advisers L.P. now owns 660,000 shares of the company’s stock valued at $23,846,000 after purchasing an additional 370,000 shares during the period. Clear Street Derivatives LLC acquired a new position in shares of iShares Bitcoin Trust during the third quarter valued at about $23,686,000. Finally, LMR Partners LLP raised its holdings in shares of iShares Bitcoin Trust by 350.0% during the third 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 period.
iShares Bitcoin Trust Trading Up 1.1 %
Shares of NASDAQ IBIT opened at $55.33 on Friday. The firm’s 50-day moving average price is $56.25 and its 200-day moving average price is $45.46. iShares Bitcoin Trust has a 1-year low of $28.23 and a 1-year high of $61.75.
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.
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