Fifth Lane Capital LP bought a new position in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 20,000 shares of the company's stock, valued at approximately $1,061,000. iShares Bitcoin Trust accounts for about 3.2% of Fifth Lane Capital LP's holdings, making the stock its 5th biggest position.
Other institutional investors have also added to or reduced their stakes in the company. Vision Financial Markets LLC purchased a new stake in shares of iShares Bitcoin Trust in the 4th quarter worth about $25,000. Union Savings Bank purchased a new position in shares of iShares Bitcoin Trust during the fourth quarter valued at about $25,000. City Holding Co. raised its stake in iShares Bitcoin Trust by 95.2% in the fourth quarter. City Holding Co. now owns 488 shares of the company's stock worth $26,000 after buying an additional 238 shares in the last quarter. Stephens Consulting LLC lifted its holdings in iShares Bitcoin Trust by 62.8% in the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company's stock worth $26,000 after buying an additional 189 shares during the period. Finally, Crewe Advisors LLC lifted its holdings in iShares Bitcoin Trust by 151.0% in the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company's stock worth $27,000 after buying an additional 302 shares during the period.
iShares Bitcoin Trust Stock Up 0.4 %
Shares of IBIT stock traded up $0.24 during midday trading on Friday, reaching $55.19. 43,282,599 shares of the stock were exchanged, compared to its average volume of 45,728,766. iShares Bitcoin Trust has a 1 year low of $28.23 and a 1 year high of $61.75. The company's 50 day moving average is $48.86 and its two-hundred day moving average is $51.29.
iShares Bitcoin Trust Company Profile
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Free Report)
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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