LGL Partners LLC Makes New $268,000 Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

LGL Partners LLC bought a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,059 shares of the company’s stock, valued at approximately $268,000.

Other hedge funds have also recently made changes to their positions in the company. IMC Chicago LLC bought a new position in iShares Bitcoin Trust in the 3rd quarter valued at approximately $323,337,000. Horizon Kinetics Asset Management LLC increased its position in 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 period. Parallax Volatility Advisers L.P. raised its stake 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 acquiring an additional 370,000 shares during the last quarter. Clear Street Derivatives LLC acquired a new position in shares of iShares Bitcoin Trust during the third quarter worth $23,686,000. Finally, LMR Partners LLP grew its stake in shares of iShares Bitcoin Trust by 350.0% in the third 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 during the last quarter.

iShares Bitcoin Trust Stock Down 6.3 %

Shares of NASDAQ:IBIT opened at $50.03 on Wednesday. iShares Bitcoin Trust has a 12-month low of $28.23 and a 12-month high of $61.75. The business has a fifty day simple moving average of $55.94 and a 200 day simple moving average of $46.41.

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.