Good Life Advisors LLC Invests $520,000 in iShares Bitcoin Trust (NASDAQ:IBIT)

Good Life Advisors LLC purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 9,805 shares of the company’s stock, valued at approximately $520,000.

A number of other hedge funds have also bought and sold shares of the business. IMC Chicago LLC bought a new stake in shares of iShares Bitcoin Trust in the 3rd quarter worth approximately $323,337,000. Horizon Kinetics Asset Management LLC increased its position in iShares Bitcoin Trust by 11.9% in the third 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 during the last quarter. Parallax Volatility Advisers L.P. raised its stake 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 buying an additional 370,000 shares during the period. Clear Street Derivatives LLC purchased a new position in shares of iShares Bitcoin Trust during the 3rd quarter valued at $23,686,000. Finally, LMR Partners LLP grew its stake in shares of iShares Bitcoin Trust by 350.0% during the 3rd 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 during the period.

iShares Bitcoin Trust Price Performance

Shares of IBIT opened at $55.99 on Friday. iShares Bitcoin Trust has a fifty-two week low of $28.23 and a fifty-two week high of $61.75. The business has a 50-day moving average of $56.15 and a 200 day moving average of $45.91.

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.