Kamunting Street Capital Management L.P. grew its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 88.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 282,967 shares of the company's stock after buying an additional 133,167 shares during the quarter. iShares Bitcoin Trust accounts for approximately 13.0% of Kamunting Street Capital Management L.P.'s holdings, making the stock its 4th largest position. Kamunting Street Capital Management L.P.'s holdings in iShares Bitcoin Trust were worth $15,011,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Union Savings Bank bought a new stake in shares of iShares Bitcoin Trust during the 4th quarter valued at $25,000. Vision Financial Markets LLC bought a new stake in iShares Bitcoin Trust during the fourth quarter valued at about $25,000. City Holding Co. increased its position 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 increased its position 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 in the last quarter. Finally, Crewe Advisors LLC raised its stake in shares of 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 Trading Up 2.2 %
iShares Bitcoin Trust stock traded up $1.16 during midday trading on Wednesday, hitting $53.24. The stock had a trading volume of 60,700,653 shares, compared to its average volume of 46,353,492. iShares Bitcoin Trust has a 52-week low of $28.23 and a 52-week high of $61.75. The firm's fifty day moving average is $48.81 and its two-hundred day moving average is $50.32.
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, 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
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
