Joel Isaacson & Co. LLC Purchases 46,232 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Joel Isaacson & Co. LLC raised its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 661.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 53,223 shares of the company’s stock after acquiring an additional 46,232 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in iShares Bitcoin Trust were worth $2,823,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IBIT. IMC Chicago LLC bought a new position in iShares Bitcoin Trust in the 3rd quarter worth about $323,337,000. Horizon Kinetics Asset Management LLC boosted its position in shares of iShares Bitcoin Trust by 11.9% in the third quarter. Horizon Kinetics Asset Management LLC now owns 805,803 shares of the company’s stock valued at $29,114,000 after acquiring an additional 85,763 shares during the period. Parallax Volatility Advisers L.P. grew its stake 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 valued at $23,846,000 after acquiring an additional 370,000 shares in the last quarter. Clear Street Derivatives LLC purchased a new position in iShares Bitcoin Trust during the third quarter valued at approximately $23,686,000. Finally, LMR Partners LLP lifted its stake in iShares Bitcoin Trust by 350.0% in the 3rd quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock worth $22,762,000 after purchasing an additional 490,000 shares in the last quarter.

iShares Bitcoin Trust Price Performance

Shares of NASDAQ:IBIT opened at $54.47 on Friday. iShares Bitcoin Trust has a one year low of $25.64 and a one year high of $61.75. The firm has a fifty day moving average price of $56.36 and a two-hundred day moving average price of $44.70.

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.