Empirical Financial Services LLC d.b.a. Empirical Wealth Management Increases Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 28.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 7,960 shares of the company’s stock after acquiring an additional 1,752 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in iShares Bitcoin Trust were worth $422,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. IMC Chicago LLC acquired a new position in iShares Bitcoin Trust in the third quarter valued at approximately $323,337,000. Horizon Kinetics Asset Management LLC boosted 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 buying an additional 85,763 shares in the last quarter. Parallax Volatility Advisers L.P. grew its position 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 valued at $23,846,000 after buying an additional 370,000 shares during the last quarter. Clear Street Derivatives LLC acquired a new stake in iShares Bitcoin Trust during the 3rd quarter worth $23,686,000. Finally, LMR Partners LLP grew its holdings in shares of 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 purchasing an additional 490,000 shares during the last quarter.

iShares Bitcoin Trust Trading Up 3.1 %

IBIT opened at $59.34 on Thursday. iShares Bitcoin Trust has a one year low of $24.13 and a one year high of $61.75. The business’s 50-day simple moving average is $55.98 and its 200-day simple moving average is $43.80.

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.