20,000 Shares in iShares Bitcoin Trust (NASDAQ:IBIT) Bought by Fifth Lane Capital LP

Fifth Lane Capital LP bought a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 20,000 shares of the company’s stock, valued at approximately $1,061,000. iShares Bitcoin Trust makes up about 3.2% of Fifth Lane Capital LP’s investment portfolio, making the stock its 5th largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Union Savings Bank purchased a new stake in iShares Bitcoin Trust in the fourth quarter valued at approximately $25,000. Vision Financial Markets LLC acquired a new position in iShares Bitcoin Trust during the fourth quarter worth $25,000. City Holding Co. grew its holdings in iShares Bitcoin Trust by 95.2% during the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after acquiring an additional 238 shares during the period. Stephens Consulting LLC grew its holdings in iShares Bitcoin Trust by 62.8% during the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after acquiring an additional 189 shares during the period. Finally, Crewe Advisors LLC grew its holdings in iShares Bitcoin Trust by 151.0% during the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock worth $27,000 after acquiring an additional 302 shares during the period.

iShares Bitcoin Trust Stock Down 1.3 %

Shares of IBIT stock opened at $53.51 on Thursday. The business’s fifty day moving average price is $48.73 and its 200 day moving average price is $50.96. iShares Bitcoin Trust has a 1-year low of $28.23 and a 1-year high of $61.75.

iShares Bitcoin Trust Company Profile

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.