Sage Mountain Advisors LLC Acquires New Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Sage Mountain Advisors LLC acquired a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, HoldingsChannel reports. The firm acquired 5,790 shares of the company’s stock, valued at approximately $307,000.

Other hedge funds also recently modified their holdings of the company. Vision Financial Markets LLC acquired a new position in shares of iShares Bitcoin Trust in the 4th quarter worth approximately $25,000. Union Savings Bank bought a new stake in iShares Bitcoin Trust during the 4th quarter valued at $25,000. City Holding Co. increased its stake in iShares Bitcoin Trust by 95.2% during the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock valued at $26,000 after purchasing an additional 238 shares in the last quarter. Stephens Consulting LLC increased its stake in iShares Bitcoin Trust by 62.8% during the 4th quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock valued at $26,000 after purchasing an additional 189 shares in the last quarter. Finally, Crewe Advisors LLC increased its stake in iShares Bitcoin Trust by 151.0% during the 4th quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock valued at $27,000 after purchasing an additional 302 shares in the last quarter.

iShares Bitcoin Trust Stock Performance

Shares of IBIT stock opened at $47.15 on Thursday. The firm has a fifty day simple moving average of $54.38 and a two-hundred day simple moving average of $47.53. iShares Bitcoin Trust has a 12 month low of $28.23 and a 12 month 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.