Mercer Global Advisors Inc. ADV Sells 16,598 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Mercer Global Advisors Inc. ADV cut its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 29.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 39,199 shares of the company’s stock after selling 16,598 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in iShares Bitcoin Trust were worth $1,359,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC bought a new stake in shares of iShares Bitcoin Trust during the 1st quarter valued at $26,000. Creekmur Asset Management LLC bought a new stake in iShares Bitcoin Trust during the first quarter worth about $30,000. Sound Income Strategies LLC purchased a new stake in iShares Bitcoin Trust in the first quarter worth about $30,000. International Assets Investment Management LLC bought a new position in shares of iShares Bitcoin Trust during the second quarter valued at approximately $31,000. Finally, Hazlett Burt & Watson Inc. purchased a new position in shares of iShares Bitcoin Trust during the first quarter valued at approximately $40,000.

iShares Bitcoin Trust Stock Performance

iShares Bitcoin Trust stock opened at $36.64 on Wednesday. iShares Bitcoin Trust has a twelve month low of $22.02 and a twelve month high of $41.99. The stock’s 50 day moving average is $34.69 and its 200 day moving average is $36.35.

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.