Sage Mountain Advisors LLC acquired a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,790 shares of the company's stock, valued at approximately $307,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Pettinga Financial Advisors LLC increased its position in iShares Bitcoin Trust by 34.8% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 8,630 shares of the company's stock worth $312,000 after buying an additional 2,230 shares during the period. Verdence Capital Advisors LLC bought a new position in iShares Bitcoin Trust during the third quarter worth $295,000. Atria Investments Inc acquired a new position in iShares Bitcoin Trust during the 3rd quarter valued at $558,000. Covestor Ltd boosted its holdings in iShares Bitcoin Trust by 26.0% in the 3rd quarter. Covestor Ltd now owns 3,229 shares of the company's stock valued at $117,000 after purchasing an additional 666 shares during the period. Finally, Aptus Capital Advisors LLC grew its position in iShares Bitcoin Trust by 53.8% in the 3rd quarter. Aptus Capital Advisors LLC now owns 14,537 shares of the company's stock worth $525,000 after purchasing an additional 5,083 shares during the last quarter.
iShares Bitcoin Trust Stock Performance
Shares of NASDAQ:IBIT traded up $2.63 on Friday, hitting $48.15. 34,813,925 shares of the company were exchanged, compared to its average volume of 48,056,313. The company's 50 day moving average price is $54.18 and its two-hundred day moving average price is $47.51. iShares Bitcoin Trust has a one year low of $28.23 and a one year high of $61.75.
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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