Longitude Cayman Ltd. Has $5.07 Million Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

Longitude Cayman Ltd. grew its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 34.8% in the third quarter, HoldingsChannel.com reports. The fund owned 140,200 shares of the company’s stock after acquiring an additional 36,200 shares during the period. iShares Bitcoin Trust makes up 1.5% of Longitude Cayman Ltd.’s investment portfolio, making the stock its 18th largest position. Longitude Cayman Ltd.’s holdings in iShares Bitcoin Trust were worth $5,065,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Marathon Trading Investment Management LLC lifted its holdings in iShares Bitcoin Trust by 238.4% during the third quarter. Marathon Trading Investment Management LLC now owns 77,600 shares of the company’s stock worth $2,804,000 after acquiring an additional 54,671 shares in the last quarter. Mill Creek Capital Advisors LLC acquired a new stake in shares of iShares Bitcoin Trust during the third quarter worth about $2,226,000. RIA Advisory Group LLC bought a new position in shares of iShares Bitcoin Trust during the 3rd quarter valued at about $563,000. Paragon Advisors LLC grew its position in shares of iShares Bitcoin Trust by 54.8% in the 3rd quarter. Paragon Advisors LLC now owns 458,111 shares of the company’s stock valued at $16,552,000 after purchasing an additional 162,178 shares during the period. Finally, Evolution Wealth Advisors LLC raised its holdings in iShares Bitcoin Trust by 275.8% during the 3rd quarter. Evolution Wealth Advisors LLC now owns 122,129 shares of the company’s stock worth $4,413,000 after buying an additional 89,634 shares during the period.

iShares Bitcoin Trust Price Performance

Shares of IBIT stock opened at $52.13 on Monday. iShares Bitcoin Trust has a 12-month low of $22.02 and a 12-month high of $53.26. The firm has a fifty day moving average of $38.39 and a 200-day moving average of $36.75.

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.