Horizon Kinetics Asset Management LLC Grows Stock Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Horizon Kinetics Asset Management LLC raised its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 11.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 805,803 shares of the company’s stock after buying an additional 85,763 shares during the quarter. iShares Bitcoin Trust comprises 0.4% of Horizon Kinetics Asset Management LLC’s portfolio, making the stock its 25th largest holding. Horizon Kinetics Asset Management LLC’s holdings in iShares Bitcoin Trust were worth $29,114,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in IBIT. Glass Jacobson Investment Advisors llc bought a new position in shares of iShares Bitcoin Trust during the 2nd quarter valued at approximately $26,000. Asset Dedication LLC increased its position in iShares Bitcoin Trust by 52.4% during the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after acquiring an additional 279 shares during the last quarter. Creekmur Asset Management LLC purchased a new stake in shares of iShares Bitcoin Trust in the first quarter valued at $30,000. International Assets Investment Management LLC bought a new stake in shares of iShares Bitcoin Trust in the 2nd quarter worth about $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of iShares Bitcoin Trust during the 2nd quarter worth about $36,000.

iShares Bitcoin Trust Trading Down 1.6 %

Shares of NASDAQ:IBIT opened at $55.57 on Monday. iShares Bitcoin Trust has a 12 month low of $22.02 and a 12 month high of $56.86. The firm’s 50-day moving average is $40.50 and its 200 day moving average is $37.45.

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.