Sage Mountain Advisors LLC Buys Shares of 5,790 iShares Bitcoin Trust (NASDAQ:IBIT)

Sage Mountain Advisors LLC bought a new stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 5,790 shares of the company’s stock, valued at approximately $307,000.

Several other institutional investors and hedge funds also recently made changes to their positions in IBIT. Proficio Capital Partners LLC grew its holdings in shares of iShares Bitcoin Trust by 6,401.8% in the 4th quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company’s stock valued at $246,430,000 after buying an additional 4,573,794 shares during the period. Clear Street Derivatives LLC acquired a new position in shares of iShares Bitcoin Trust during the 3rd quarter worth about $23,686,000. CloudAlpha Capital Management Limited Hong Kong bought a new stake in shares of iShares Bitcoin Trust in the 3rd quarter valued at about $19,149,000. LMR Partners LLP raised its holdings in iShares Bitcoin Trust by 350.0% in the 3rd quarter. LMR Partners LLP now owns 630,000 shares of the company’s stock valued at $22,762,000 after acquiring an additional 490,000 shares during the period. Finally, Verde Servicos Internacionais S.A. raised its holdings in iShares Bitcoin Trust by 3,525.8% in the 4th quarter. Verde Servicos Internacionais S.A. now owns 435,100 shares of the company’s stock valued at $23,082,000 after acquiring an additional 423,100 shares during the period.

iShares Bitcoin Trust Stock Down 0.2 %

Shares of IBIT opened at $47.15 on Thursday. iShares Bitcoin Trust has a 12 month low of $28.23 and a 12 month high of $61.75. The firm’s 50 day moving average is $54.38 and its 200-day moving average is $47.53.

iShares Bitcoin Trust 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.