IFP Advisors Inc Buys 8,517 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

IFP Advisors Inc increased its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 224.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,318 shares of the company’s stock after purchasing an additional 8,517 shares during the quarter. IFP Advisors Inc’s holdings in iShares Bitcoin Trust were worth $653,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Clear Street Derivatives LLC acquired a new stake in shares of iShares Bitcoin Trust during the 3rd quarter worth about $23,686,000. CloudAlpha Capital Management Limited Hong Kong bought a new position in iShares Bitcoin Trust during the third quarter worth about $19,149,000. LMR Partners LLP increased its position in iShares Bitcoin Trust by 350.0% during the third quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock worth $22,762,000 after acquiring an additional 490,000 shares during the period. Verde Servicos Internacionais S.A. increased its position in iShares Bitcoin Trust by 3,525.8% during the fourth quarter. Verde Servicos Internacionais S.A. now owns 435,100 shares of the company’s stock worth $23,082,000 after acquiring an additional 423,100 shares during the period. Finally, Parallax Volatility Advisers L.P. increased its position in 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 worth $23,846,000 after acquiring an additional 370,000 shares during the period.

iShares Bitcoin Trust Stock Up 1.2 %

NASDAQ:IBIT opened at $47.90 on Friday. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75. The firm’s 50-day simple moving average is $55.25 and its 200 day simple moving average is $46.63.

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.