Wealth Effects LLC Purchases New Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Wealth Effects LLC acquired a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 7,530 shares of the company’s stock, valued at approximately $399,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. IMC Chicago LLC acquired a new stake in shares of iShares Bitcoin Trust during the third quarter worth approximately $323,337,000. Horizon Kinetics Asset Management LLC increased its position 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 worth $29,114,000 after purchasing an additional 85,763 shares during the last quarter. Parallax Volatility Advisers L.P. increased 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 worth $23,846,000 after purchasing an additional 370,000 shares during the last quarter. Clear Street Derivatives LLC acquired a new stake in shares of iShares Bitcoin Trust in the 3rd quarter valued at about $23,686,000. Finally, LMR Partners LLP lifted its position 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 worth $22,762,000 after purchasing an additional 490,000 shares during the last quarter.

iShares Bitcoin Trust Price Performance

Shares of iShares Bitcoin Trust stock opened at $57.85 on Tuesday. The business has a 50-day moving average price of $55.77 and a 200 day moving average price of $43.45. iShares Bitcoin Trust has a fifty-two week low of $23.88 and a fifty-two week high of $61.75.

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.