Element Wealth LLC Buys New Shares in iShares Bitcoin Trust (NASDAQ:IBIT)

Element Wealth LLC purchased a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,678 shares of the company’s stock, valued at approximately $248,000.

Other large investors have also recently added to or reduced their stakes in the company. IMC Chicago LLC acquired a new stake in iShares Bitcoin Trust during the third quarter valued at approximately $323,337,000. Horizon Kinetics Asset Management LLC raised its holdings in shares of 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 worth $29,114,000 after buying an additional 85,763 shares in the last quarter. Parallax Volatility Advisers L.P. lifted its position in shares of iShares Bitcoin Trust by 127.6% during the 3rd quarter. Parallax Volatility Advisers L.P. now owns 660,000 shares of the company’s stock worth $23,846,000 after buying an additional 370,000 shares during the period. Clear Street Derivatives LLC acquired a new position in iShares Bitcoin Trust during the third quarter worth $23,686,000. Finally, LMR Partners LLP raised its stake in 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 acquiring an additional 490,000 shares in the last quarter.

iShares Bitcoin Trust Price Performance

Shares of NASDAQ IBIT opened at $53.94 on Friday. The business has a fifty day moving average of $56.15 and a two-hundred day moving average of $45.91. iShares Bitcoin Trust has a 52-week low of $28.23 and a 52-week high of $61.75.

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.