Lake Street Private Wealth LLC Makes New $242,000 Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Lake Street Private Wealth LLC bought a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, HoldingsChannel.com reports. The firm bought 4,555 shares of the company’s stock, valued at approximately $242,000.

Several other hedge funds also recently made changes to their positions in the business. PSI Advisors LLC acquired a new position in iShares Bitcoin Trust in the fourth quarter valued at about $30,000. Asset Dedication LLC raised its position in shares of iShares Bitcoin Trust by 52.4% in the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after buying an additional 279 shares in the last quarter. Future Financial Wealth Managment LLC boosted its position in shares of iShares Bitcoin Trust by 2,000.0% during the 4th quarter. Future Financial Wealth Managment LLC now owns 1,050 shares of the company’s stock worth $56,000 after acquiring an additional 1,000 shares in the last quarter. Glass Jacobson Investment Advisors llc boosted its position in shares of iShares Bitcoin Trust by 40.2% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company’s stock worth $38,000 after acquiring an additional 304 shares in the last quarter. Finally, West Financial Advisors LLC bought a new position in iShares Bitcoin Trust in the third quarter valued at approximately $40,000.

iShares Bitcoin Trust Stock Performance

NASDAQ IBIT opened at $59.62 on Friday. The business has a fifty day moving average price of $54.88 and a two-hundred day moving average price of $42.45. iShares Bitcoin Trust has a fifty-two week low of $22.02 and a fifty-two week 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.