International Assets Investment Management LLC cut its stake in iShares Bitcoin Trust (NASDAQ:IBIT – Free Report) by 88.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,689 shares of the company’s stock after selling 28,828 shares during the period. International Assets Investment Management LLC’s holdings in iShares Bitcoin Trust were worth $204,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in IBIT. Glass Jacobson Investment Advisors llc bought a new stake in iShares Bitcoin Trust in the second quarter valued at approximately $26,000. Asset Dedication LLC boosted its holdings in iShares Bitcoin Trust by 52.4% in the third quarter. Asset Dedication LLC now owns 811 shares of the company’s stock valued at $29,000 after acquiring an additional 279 shares during the last quarter. West Financial Advisors LLC bought a new stake in iShares Bitcoin Trust in the third quarter valued at approximately $40,000. Brown Brothers Harriman & Co. bought a new stake in iShares Bitcoin Trust in the second quarter valued at approximately $43,000. Finally, Hollencrest Capital Management boosted its holdings in shares of iShares Bitcoin Trust by 256.7% during the 2nd quarter. Hollencrest Capital Management now owns 1,327 shares of the company’s stock worth $45,000 after buying an additional 955 shares in the last quarter.
iShares Bitcoin Trust Stock Performance
iShares Bitcoin Trust stock opened at $53.22 on Tuesday. iShares Bitcoin Trust has a 52-week low of $22.02 and a 52-week high of $61.75. The stock’s 50 day moving average price is $53.72 and its two-hundred day moving average price is $41.89.
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.
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