iShares Bitcoin Trust (NASDAQ:IBIT) is Financial Sense Advisors Inc.’s 2nd Largest Position

Financial Sense Advisors Inc. lessened its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 3.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 627,469 shares of the company’s stock after selling 20,871 shares during the quarter. iShares Bitcoin Trust accounts for about 11.0% of Financial Sense Advisors Inc.’s holdings, making the stock its 2nd biggest position. Financial Sense Advisors Inc.’s holdings in iShares Bitcoin Trust were worth $33,287,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. IMC Chicago LLC purchased a new position in shares of iShares Bitcoin Trust during the third quarter worth approximately $323,337,000. Horizon Kinetics Asset Management LLC grew its position in iShares Bitcoin Trust by 11.9% during 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 stake in iShares Bitcoin Trust by 127.6% in the third 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 during the period. Clear Street Derivatives LLC purchased a new stake in shares of iShares Bitcoin Trust in the third quarter valued at about $23,686,000. Finally, LMR Partners LLP boosted 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 worth $22,762,000 after buying an additional 490,000 shares during the period.

iShares Bitcoin Trust Stock Performance

Shares of IBIT stock opened at $54.65 on Thursday. The stock’s 50-day moving average price is $56.17 and its 200 day moving average price is $45.84. iShares Bitcoin Trust has a 52-week low of $28.23 and a 52-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.