Thrivent Financial for Lutherans Sells 8,015 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Thrivent Financial for Lutherans lessened its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 51.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,490 shares of the company’s stock after selling 8,015 shares during the quarter. Thrivent Financial for Lutherans’ holdings in iShares Bitcoin Trust were worth $271,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Glass Jacobson Investment Advisors llc bought a new stake in shares of iShares Bitcoin Trust in the 2nd quarter worth about $26,000. Asset Dedication LLC increased its stake in iShares Bitcoin Trust by 52.4% during the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after acquiring an additional 279 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in iShares Bitcoin Trust during the second quarter valued at approximately $31,000. Hantz Financial Services Inc. purchased a new stake in iShares Bitcoin Trust during the second quarter valued at approximately $36,000. Finally, West Financial Advisors LLC bought a new stake in shares of iShares Bitcoin Trust in the 3rd quarter valued at approximately $40,000.

iShares Bitcoin Trust Stock Up 2.5 %

NASDAQ IBIT opened at $57.80 on Friday. iShares Bitcoin Trust has a 52 week low of $22.02 and a 52 week high of $59.16. The company has a fifty day moving average of $44.39 and a two-hundred day moving average of $38.71.

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.