Lake Street Advisors Group LLC raised its stake in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 71.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,791 shares of the company's stock after acquiring an additional 16,982 shares during the period. Lake Street Advisors Group LLC's holdings in iShares Bitcoin Trust were worth $2,164,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the stock. Provident Wealth Management LLC bought a new stake in iShares Bitcoin Trust in the fourth quarter valued at $265,000. Kirtland Hills Capital Management LLC bought a new stake in shares of iShares Bitcoin Trust during the fourth quarter worth $246,000. Ackerman Capital Advisors LLC grew its holdings in shares of iShares Bitcoin Trust by 2.0% during the fourth quarter. Ackerman Capital Advisors LLC now owns 18,209 shares of the company's stock worth $966,000 after purchasing an additional 357 shares during the last quarter. Sprott Inc. bought a new stake in shares of iShares Bitcoin Trust during the fourth quarter worth $219,000. Finally, LGL Partners LLC bought a new stake in shares of iShares Bitcoin Trust during the fourth quarter worth $268,000.
iShares Bitcoin Trust Price Performance
Shares of IBIT stock traded up $0.55 during trading hours on Friday, hitting $47.90. 59,402,964 shares of the company's stock were exchanged, compared to its average volume of 45,855,840. The stock's 50-day moving average is $55.25 and its 200-day moving average is $46.63. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75.
About iShares Bitcoin Trust
(
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.
See Also
Before you consider iShares Bitcoin Trust ETF, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and iShares Bitcoin Trust ETF wasn't on the list.
While iShares Bitcoin Trust ETF currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the top 7 AI stocks to invest in right now. This exclusive report highlights the companies leading the AI revolution and shaping the future of technology in 2025.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
