Sanctuary Advisors LLC raised its holdings in iShares Bitcoin Trust (NASDAQ:IBIT - Free Report) by 82.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 162,061 shares of the company's stock after buying an additional 73,250 shares during the quarter. Sanctuary Advisors LLC's holdings in iShares Bitcoin Trust were worth $8,597,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Total Investment Management Inc. acquired a new position in shares of iShares Bitcoin Trust during the fourth quarter valued at about $3,518,000. Americana Partners LLC raised its stake in iShares Bitcoin Trust by 7.2% during the 4th quarter. Americana Partners LLC now owns 15,158 shares of the company's stock worth $804,000 after buying an additional 1,020 shares during the period. Pure Portfolios Holdings LLC raised its stake in iShares Bitcoin Trust by 2.9% during the 4th quarter. Pure Portfolios Holdings LLC now owns 74,578 shares of the company's stock worth $3,956,000 after buying an additional 2,125 shares during the period. J.W. Cole Advisors Inc. bought a new position in iShares Bitcoin Trust in the fourth quarter worth approximately $575,000. Finally, Mountain Lake Investment Management LLC acquired a new stake in iShares Bitcoin Trust in the fourth quarter valued at approximately $745,000.
iShares Bitcoin Trust Price Performance
Shares of NASDAQ:IBIT traded down $1.73 during trading on Friday, reaching $54.31. 32,287,126 shares of the stock were exchanged, compared to its average volume of 42,317,012. iShares Bitcoin Trust has a 1-year low of $28.23 and a 1-year high of $61.75. The stock has a fifty day moving average of $56.15 and a two-hundred day moving average of $45.91.
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.
Featured Stories
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
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
