New Wave Wealth Advisors LLC Invests $43,000 in iShares Bitcoin Trust (NASDAQ:IBIT)

New Wave Wealth Advisors LLC purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 807 shares of the company’s stock, valued at approximately $43,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. IMC Chicago LLC bought a new stake in shares of iShares Bitcoin Trust in the 3rd quarter worth $323,337,000. Horizon Kinetics Asset Management LLC grew its position in 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 purchasing an additional 85,763 shares in the last quarter. Parallax Volatility Advisers L.P. increased its stake 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 buying an additional 370,000 shares during the last quarter. Clear Street Derivatives LLC bought a new position in shares of iShares Bitcoin Trust during the 3rd quarter worth approximately $23,686,000. Finally, LMR Partners LLP boosted its stake in shares of iShares Bitcoin Trust by 350.0% in the 3rd quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock worth $22,762,000 after buying an additional 490,000 shares during the last quarter.

iShares Bitcoin Trust Stock Down 3.4 %

IBIT stock opened at $57.71 on Friday. The business has a 50 day moving average of $56.17 and a 200-day moving average of $44.02. iShares Bitcoin Trust has a 12-month low of $24.13 and a 12-month high of $61.75.

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.