Logan Stone Capital LLC Purchases 49,393 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Logan Stone Capital LLC raised its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 5.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,035,315 shares of the company’s stock after acquiring an additional 49,393 shares during the period. iShares Bitcoin Trust makes up 18.4% of Logan Stone Capital LLC’s holdings, making the stock its biggest holding. Logan Stone Capital LLC’s holdings in iShares Bitcoin Trust were worth $54,923,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Ionic Capital Management LLC bought a new stake in shares of iShares Bitcoin Trust in the 4th quarter worth about $530,000. K2 Principal Fund L.P. grew its position in shares of iShares Bitcoin Trust by 12.5% during the 4th quarter. K2 Principal Fund L.P. now owns 270,000 shares of the company’s stock valued at $14,324,000 after buying an additional 29,999 shares during the last quarter. Guardian Wealth Advisors LLC NC bought a new stake in shares of iShares Bitcoin Trust during the 4th quarter valued at about $294,000. Greenline Partners LLC bought a new stake in shares of iShares Bitcoin Trust during the 4th quarter valued at about $129,000. Finally, Ewing Morris & Co. Investment Partners Ltd. bought a new stake in shares of iShares Bitcoin Trust during the 4th quarter valued at about $2,433,000.

iShares Bitcoin Trust Stock Up 1.8%

Shares of NASDAQ:IBIT opened at $58.66 on Monday. iShares Bitcoin Trust has a fifty-two week low of $28.23 and a fifty-two week high of $61.75. The firm has a 50-day simple moving average of $49.60 and a 200 day simple moving average of $51.98.

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.