Lansing Street Advisors Has $1.06 Million Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Lansing Street Advisors grew its holdings in iShares Bitcoin Trust (NASDAQ:IBIT) by 52.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,010 shares of the company’s stock after purchasing an additional 6,860 shares during the quarter. Lansing Street Advisors’ holdings in iShares Bitcoin Trust were worth $1,062,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Howard Capital Management Inc. acquired a new stake in shares of iShares Bitcoin Trust in the fourth quarter valued at about $9,878,000. Wealthspire Advisors LLC grew its position in shares of iShares Bitcoin Trust by 353.1% in the fourth quarter. Wealthspire Advisors LLC now owns 77,502 shares of the company’s stock valued at $4,111,000 after purchasing an additional 60,396 shares during the last quarter. New England Capital Financial Advisors LLC acquired a new stake in shares of iShares Bitcoin Trust in the fourth quarter valued at about $32,000. Abound Financial LLC acquired a new stake in iShares Bitcoin Trust during the fourth quarter worth about $322,000. Finally, First Horizon Advisors Inc. grew its position in iShares Bitcoin Trust by 59.0% during the fourth quarter. First Horizon Advisors Inc. now owns 4,771 shares of the company’s stock worth $253,000 after buying an additional 1,771 shares in the last quarter.

iShares Bitcoin Trust Price Performance

IBIT stock opened at $53.94 on Friday. iShares Bitcoin Trust has a twelve month low of $28.23 and a twelve month high of $61.75. The business’s 50-day simple moving average is $56.07 and its 200 day simple moving average is $46.07.

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.