Bfsg LLC Sells 704 Shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT)

Bfsg LLC cut its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 45.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 832 shares of the company’s stock after selling 704 shares during the quarter. Bfsg LLC’s holdings in iShares Bitcoin Trust ETF were worth $39,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of IBIT. Brighton Jones LLC purchased a new position in iShares Bitcoin Trust ETF during the 4th quarter worth $711,000. Blue Trust Inc. lifted its holdings in shares of iShares Bitcoin Trust ETF by 14.8% in the 4th quarter. Blue Trust Inc. now owns 5,360 shares of the company’s stock worth $284,000 after buying an additional 691 shares during the period. Allworth Financial LP grew its position in shares of iShares Bitcoin Trust ETF by 34.0% during the 4th quarter. Allworth Financial LP now owns 25,459 shares of the company’s stock worth $1,351,000 after buying an additional 6,460 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of iShares Bitcoin Trust ETF during the fourth quarter valued at $1,990,000. Finally, J.W. Cole Advisors Inc. purchased a new position in shares of iShares Bitcoin Trust ETF during the fourth quarter valued at $575,000.

iShares Bitcoin Trust ETF Stock Performance

IBIT stock opened at $59.50 on Wednesday. iShares Bitcoin Trust ETF has a 1-year low of $28.23 and a 1-year high of $63.70. The business has a 50-day moving average price of $56.47 and a 200 day moving average price of $54.31.

About iShares Bitcoin Trust ETF

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.