Gradient Investments LLC Boosts Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Gradient Investments LLC lifted its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,811 shares of the company’s stock after purchasing an additional 924 shares during the period. Gradient Investments LLC’s holdings in iShares Bitcoin Trust were worth $1,475,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of IBIT. IMC Chicago LLC purchased a new stake in iShares Bitcoin Trust during the 3rd quarter worth approximately $323,337,000. Murchinson Ltd. increased its position in shares of iShares Bitcoin Trust by 87.1% during the second quarter. Murchinson Ltd. now owns 1,642,535 shares of the company’s stock worth $56,076,000 after purchasing an additional 764,575 shares in the last quarter. Horizon Kinetics Asset Management LLC raised its stake 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 purchasing an additional 85,763 shares during the last quarter. Parallax Volatility Advisers L.P. lifted its holdings in 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 purchasing an additional 370,000 shares in the last quarter. Finally, Clear Street Derivatives LLC acquired a new stake in iShares Bitcoin Trust during the 3rd quarter worth $23,686,000.

iShares Bitcoin Trust Trading Up 1.5 %

Shares of NASDAQ IBIT opened at $59.70 on Friday. The firm has a 50-day simple moving average of $55.77 and a 200-day simple moving average of $43.38. iShares Bitcoin Trust has a 52 week low of $22.58 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.