Sprott Inc. Takes $219,000 Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Sprott Inc. bought a new position in iShares Bitcoin Trust (NASDAQ:IBIT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,126 shares of the company’s stock, valued at approximately $219,000.

A number of other large investors also recently modified their holdings of the company. LGL Partners LLC acquired a new position in shares of iShares Bitcoin Trust during the fourth quarter worth about $268,000. Canton Hathaway LLC boosted its stake in iShares Bitcoin Trust by 11.1% during the 4th quarter. Canton Hathaway LLC now owns 10,000 shares of the company’s stock valued at $531,000 after acquiring an additional 1,000 shares during the last quarter. Sterling Investment Advisors Ltd. grew its stake in iShares Bitcoin Trust by 161.6% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 35,009 shares of the company’s stock worth $1,857,000 after purchasing an additional 21,624 shares in the last quarter. Avalon Capital Management acquired a new position in shares of iShares Bitcoin Trust in the 4th quarter worth approximately $424,000. Finally, FourThought Financial Partners LLC acquired a new position in iShares Bitcoin Trust in the fourth quarter worth $386,000.

iShares Bitcoin Trust Stock Down 4.1 %

Shares of NASDAQ:IBIT opened at $47.96 on Thursday. The firm has a 50-day simple moving average of $55.54 and a 200 day simple moving average of $46.53. iShares Bitcoin Trust has a fifty-two week low of $28.23 and a fifty-two week 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.