Concurrent Investment Advisors LLC Acquires 81,146 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Concurrent Investment Advisors LLC raised its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 859.0% during the fourth quarter, Holdings Channel reports. The firm owned 90,593 shares of the company’s stock after buying an additional 81,146 shares during the period. Concurrent Investment Advisors LLC’s holdings in iShares Bitcoin Trust were worth $4,806,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of IBIT. IMC Chicago LLC bought a new position in shares of iShares Bitcoin Trust in the third quarter valued at about $323,337,000. Horizon Kinetics Asset Management LLC raised its stake 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 worth $29,114,000 after acquiring an additional 85,763 shares during the last quarter. Parallax Volatility Advisers L.P. lifted its position 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 worth $23,846,000 after purchasing an additional 370,000 shares in the last quarter. Clear Street Derivatives LLC bought a new stake in shares of iShares Bitcoin Trust during the third quarter valued at approximately $23,686,000. Finally, LMR Partners LLP grew its stake 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 valued at $22,762,000 after purchasing an additional 490,000 shares during the last quarter.

iShares Bitcoin Trust Price Performance

Shares of NASDAQ:IBIT opened at $55.99 on Friday. iShares Bitcoin Trust has a 1-year low of $28.23 and a 1-year high of $61.75. The business has a 50-day moving average price of $56.15 and a two-hundred day moving average price of $45.91.

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.