Investment Partners Asset Management Inc. Acquires 690 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Investment Partners Asset Management Inc. increased its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 11.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,883 shares of the company’s stock after buying an additional 690 shares during the period. Investment Partners Asset Management Inc.’s holdings in iShares Bitcoin Trust were worth $365,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of IBIT. IMC Chicago LLC acquired a new position in iShares Bitcoin Trust in the third quarter valued at about $323,337,000. Horizon Kinetics Asset Management LLC increased its stake 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 valued at $29,114,000 after acquiring an additional 85,763 shares during the last quarter. Parallax Volatility Advisers L.P. raised 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 valued at $23,846,000 after acquiring an additional 370,000 shares during the period. Clear Street Derivatives LLC bought a new position in iShares Bitcoin Trust during the 3rd quarter worth approximately $23,686,000. Finally, LMR Partners LLP grew its holdings in 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 Stock Up 1.9 %

Shares of NASDAQ:IBIT opened at $55.16 on Thursday. The company has a 50 day moving average price of $56.36 and a two-hundred day moving average price of $45.15. iShares Bitcoin Trust has a 52 week low of $27.62 and a 52 week 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.