Flagship Harbor Advisors LLC Makes New $381,000 Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Flagship Harbor Advisors LLC purchased a new position in iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,190 shares of the company’s stock, valued at approximately $381,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IMC Chicago LLC purchased a new position in iShares Bitcoin Trust in the 3rd quarter worth approximately $323,337,000. Clear Street Derivatives LLC purchased a new position in iShares Bitcoin Trust during the third quarter worth approximately $23,686,000. CloudAlpha Capital Management Limited Hong Kong acquired a new position in iShares Bitcoin Trust during the third quarter worth $19,149,000. LMR Partners LLP grew its holdings in iShares Bitcoin Trust by 350.0% in the 3rd quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock valued at $22,762,000 after buying an additional 490,000 shares in the last quarter. Finally, Parallax Volatility Advisers L.P. increased its stake 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 acquiring an additional 370,000 shares during the last quarter.

iShares Bitcoin Trust Price Performance

Shares of IBIT stock opened at $57.58 on Wednesday. iShares Bitcoin Trust has a twelve month low of $23.88 and a twelve month high of $61.75. The company’s 50-day moving average price is $55.88 and its 200-day moving average price is $43.63.

iShares Bitcoin Trust 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.