Mountain Lake Investment Management LLC bought a new stake in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,000 shares of the company's stock, valued at approximately $745,000. iShares Bitcoin Trust makes up approximately 0.9% of Mountain Lake Investment Management LLC's investment portfolio, making the stock its 20th biggest position.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Union Savings Bank purchased a new stake in iShares Bitcoin Trust in the fourth quarter worth $25,000. City Holding Co. lifted its stake in iShares Bitcoin Trust by 95.2% during the fourth quarter. City Holding Co. now owns 488 shares of the company's stock worth $26,000 after purchasing an additional 238 shares during the last quarter. Stephens Consulting LLC lifted its stake in iShares Bitcoin Trust by 62.8% during the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company's stock worth $26,000 after purchasing an additional 189 shares during the last quarter. Crewe Advisors LLC lifted its stake in shares of iShares Bitcoin Trust by 151.0% in the 4th quarter. Crewe Advisors LLC now owns 502 shares of the company's stock valued at $27,000 after acquiring an additional 302 shares during the last quarter. Finally, Beacon Capital Management LLC bought a new stake in shares of iShares Bitcoin Trust in the 4th quarter valued at about $28,000.
iShares Bitcoin Trust Stock Up 2.1 %
NASDAQ:IBIT traded up $1.14 during mid-day trading on Wednesday, reaching $54.65. 28,816,800 shares of the company's stock traded hands, compared to its average volume of 43,204,934. iShares Bitcoin Trust has a 12-month low of $28.23 and a 12-month high of $61.75. The company has a 50 day moving average price of $56.17 and a 200-day moving average price of $45.84.
iShares Bitcoin Trust Company Profile
(
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.
Read More
Before you consider iShares Bitcoin Trust, 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 wasn't on the list.
While iShares Bitcoin Trust currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
