Avaii Wealth Management LLC Buys Shares of 6,275 iShares Bitcoin Trust (NASDAQ:IBIT)

Avaii Wealth Management LLC purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,275 shares of the company’s stock, valued at approximately $333,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IBIT. IMC Chicago LLC acquired a new position in iShares Bitcoin Trust during the third quarter worth $323,337,000. Murchinson Ltd. boosted its stake in shares of iShares Bitcoin Trust by 87.1% during the 2nd quarter. Murchinson Ltd. now owns 1,642,535 shares of the company’s stock worth $56,076,000 after buying an additional 764,575 shares during the last quarter. Horizon Kinetics Asset Management LLC grew 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 valued at $29,114,000 after acquiring an additional 85,763 shares in the last quarter. Parallax Volatility Advisers L.P. increased its position in shares of 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 acquiring an additional 370,000 shares during the last quarter. Finally, Clear Street Derivatives LLC bought a new stake in iShares Bitcoin Trust during the third quarter worth about $23,686,000.

iShares Bitcoin Trust Price Performance

Shares of NASDAQ IBIT opened at $59.70 on Friday. iShares Bitcoin Trust has a 52 week low of $22.58 and a 52 week high of $61.75. The stock has a 50 day moving average price of $55.77 and a 200 day moving average price of $43.38.

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.