Lake Street Advisors Group LLC Boosts Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Lake Street Advisors Group LLC lifted its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 71.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,791 shares of the company’s stock after buying 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 filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Vienna Asset Management LLC increased its stake in iShares Bitcoin Trust by 131.6% during the third quarter. Vienna Asset Management LLC now owns 26,642 shares of the company’s stock worth $963,000 after acquiring an additional 15,137 shares during the last quarter. Garden State Investment Advisory Services LLC acquired a new stake in shares of iShares Bitcoin Trust during the 3rd quarter worth about $656,000. Andina Capital Management LLC raised its holdings in iShares Bitcoin Trust by 131.0% in the 4th quarter. Andina Capital Management LLC now owns 17,152 shares of the company’s stock valued at $910,000 after buying an additional 9,728 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in iShares Bitcoin Trust by 32.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 38,078 shares of the company’s stock valued at $1,357,000 after buying an additional 9,266 shares during the period. Finally, Mutual Advisors LLC lifted its position in iShares Bitcoin Trust by 65.8% in the fourth quarter. Mutual Advisors LLC now owns 157,060 shares of the company’s stock valued at $8,967,000 after buying an additional 62,338 shares during the last quarter.

iShares Bitcoin Trust Trading Down 6.3 %

Shares of IBIT opened at $50.03 on Wednesday. The firm has a 50-day simple moving average of $55.72 and a two-hundred day simple moving average of $46.52. iShares Bitcoin Trust has a 1-year low of $28.23 and a 1-year high of $61.75.

About iShares Bitcoin Trust

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.