Front Row Advisors LLC Purchases Shares of 900 iShares Bitcoin Trust (NASDAQ:IBIT)

Front Row Advisors LLC acquired a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 900 shares of the company’s stock, valued at approximately $48,000.

Other hedge funds also recently modified their holdings of the company. Proficio Capital Partners LLC increased its holdings in iShares Bitcoin Trust by 6,401.8% during the 4th quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company’s stock valued at $246,430,000 after purchasing an additional 4,573,794 shares in the last quarter. NINE MASTS CAPITAL Ltd raised its holdings in shares of iShares Bitcoin Trust by 29.6% in the fourth quarter. NINE MASTS CAPITAL Ltd now owns 1,518,200 shares of the company’s stock valued at $80,541,000 after buying an additional 346,918 shares during the last quarter. Horizon Kinetics Asset Management LLC lifted its position in iShares Bitcoin Trust by 7.3% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 864,272 shares of the company’s stock worth $45,850,000 after buying an additional 58,469 shares in the last quarter. LPL Financial LLC grew its holdings in iShares Bitcoin Trust by 485.5% during the 4th quarter. LPL Financial LLC now owns 752,583 shares of the company’s stock worth $39,925,000 after acquiring an additional 624,036 shares during the last quarter. Finally, Parallax Volatility Advisers L.P. increased its position in 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 valued at $23,846,000 after acquiring an additional 370,000 shares in the last quarter.

iShares Bitcoin Trust Trading Down 1.6 %

Shares of IBIT stock opened at $46.81 on Tuesday. iShares Bitcoin Trust has a 1 year low of $28.23 and a 1 year high of $61.75. The firm’s 50 day moving average is $52.38 and its 200-day moving average is $48.99.

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.