K2 Principal Fund L.P. grew its holdings in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 20.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 240,001 shares of the company's stock after acquiring an additional 40,001 shares during the quarter. iShares Bitcoin Trust accounts for approximately 1.3% of K2 Principal Fund L.P.'s investment portfolio, making the stock its 27th biggest position. K2 Principal Fund L.P.'s holdings in iShares Bitcoin Trust were worth $8,671,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the business. Vienna Asset Management LLC raised its holdings in iShares Bitcoin Trust by 131.6% in the 3rd quarter. Vienna Asset Management LLC now owns 26,642 shares of the company's stock valued at $963,000 after acquiring an additional 15,137 shares in the last quarter. Garden State Investment Advisory Services LLC acquired a new position in iShares Bitcoin Trust in the third quarter valued at about $656,000. Capstone Investment Advisors LLC acquired a new position in iShares Bitcoin Trust in the third quarter valued at about $11,507,000. Marathon Trading Investment Management LLC grew its stake 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 buying an additional 54,671 shares in the last quarter. Finally, Paragon Advisors LLC grew its stake in iShares Bitcoin Trust by 54.8% during the third quarter. Paragon Advisors LLC now owns 458,111 shares of the company's stock worth $16,552,000 after buying an additional 162,178 shares in the last quarter.
Shares of NASDAQ:IBIT opened at $57.80 on Friday. iShares Bitcoin Trust has a 12 month low of $22.02 and a 12 month high of $59.16. The firm has a 50 day moving average of $44.39 and a 200-day moving average of $38.70.
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.
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