Lake Street Private Wealth LLC Buys 12,584 Shares of iShares Bitcoin Trust ETF $IBIT

Lake Street Private Wealth LLC boosted its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 152.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,822 shares of the company’s stock after buying an additional 12,584 shares during the quarter. Lake Street Private Wealth LLC’s holdings in iShares Bitcoin Trust ETF were worth $1,034,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Permanent Capital Management LP grew its holdings in iShares Bitcoin Trust ETF by 5.0% in the 4th quarter. Permanent Capital Management LP now owns 5,767 shares of the company’s stock worth $286,000 after acquiring an additional 274 shares during the last quarter. Sovereign Financial Group Inc. increased its position in shares of iShares Bitcoin Trust ETF by 2.1% in the fourth quarter. Sovereign Financial Group Inc. now owns 19,461 shares of the company’s stock valued at $966,000 after acquiring an additional 393 shares during the period. Sandbox Financial Partners LLC raised its stake in shares of iShares Bitcoin Trust ETF by 1.9% during the fourth quarter. Sandbox Financial Partners LLC now owns 13,821 shares of the company’s stock valued at $686,000 after acquiring an additional 254 shares during the last quarter. Procyon Advisors LLC raised its stake in shares of iShares Bitcoin Trust ETF by 920.1% during the fourth quarter. Procyon Advisors LLC now owns 227,604 shares of the company’s stock valued at $11,301,000 after acquiring an additional 205,292 shares during the last quarter. Finally, Cyndeo Wealth Partners LLC purchased a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter worth about $630,000.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ:IBIT opened at $39.78 on Friday. The stock’s 50-day moving average is $43.03 and its 200 day moving average is $52.70. iShares Bitcoin Trust ETF has a 1 year low of $35.30 and a 1 year high of $71.82.

About iShares Bitcoin Trust ETF

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.