Lake Street Private Wealth LLC Boosts Holdings in iShares Bitcoin Trust ETF $IBIT

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

A number of other institutional investors also recently bought and sold shares of the stock. Capula Management Ltd grew its stake in iShares Bitcoin Trust ETF by 22.5% in the second quarter. Capula Management Ltd now owns 9,481,233 shares of the company’s stock worth $580,346,000 after purchasing an additional 1,739,073 shares during the period. Schonfeld Strategic Advisors LLC lifted its position in iShares Bitcoin Trust ETF by 19.2% during the third quarter. Schonfeld Strategic Advisors LLC now owns 6,782,398 shares of the company’s stock valued at $440,856,000 after buying an additional 1,093,183 shares during the period. Sculptor Capital LP boosted its holdings in shares of iShares Bitcoin Trust ETF by 59.5% during the 2nd quarter. Sculptor Capital LP now owns 4,487,247 shares of the company’s stock valued at $274,664,000 after buying an additional 1,673,788 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of iShares Bitcoin Trust ETF by 1,119.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,217,056 shares of the company’s stock worth $196,916,000 after buying an additional 2,953,342 shares during the period. Finally, 59 North Capital Management LP bought a new position in shares of iShares Bitcoin Trust ETF in the 3rd quarter worth about $169,100,000.

iShares Bitcoin Trust ETF Stock Performance

Shares of IBIT opened at $39.78 on Friday. iShares Bitcoin Trust ETF has a fifty-two week low of $35.30 and a fifty-two week high of $71.82. The firm’s 50-day simple moving average is $43.03 and its two-hundred day simple moving average is $52.70.

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.