Procyon Advisors LLC cut its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 73.9% during the first quarter, HoldingsChannel reports. The fund owned 59,306 shares of the company’s stock after selling 168,298 shares during the quarter. Procyon Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $2,279,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Marshall & Sterling Wealth Advisors Inc. boosted its position in iShares Bitcoin Trust ETF by 12,500.0% during the fourth quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock valued at $25,000 after purchasing an additional 500 shares during the last quarter. Key Capital Management INC acquired a new position in iShares Bitcoin Trust ETF in the 4th quarter worth about $26,000. Vermillion & White Wealth Management Group LLC raised its stake in shares of iShares Bitcoin Trust ETF by 637.5% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 531 shares of the company’s stock worth $26,000 after purchasing an additional 459 shares in the last quarter. Sfam LLC purchased a new stake in shares of iShares Bitcoin Trust ETF during the 4th quarter worth about $26,000. Finally, Anchor Investment Management LLC lifted its holdings in shares of iShares Bitcoin Trust ETF by 210.3% during the 3rd quarter. Anchor Investment Management LLC now owns 450 shares of the company’s stock valued at $29,000 after buying an additional 305 shares during the last quarter.
iShares Bitcoin Trust ETF Price Performance
Shares of NASDAQ IBIT opened at $35.22 on Tuesday. The business has a 50 day simple moving average of $38.98 and a 200 day simple moving average of $41.91. iShares Bitcoin Trust ETF has a 52 week low of $32.84 and a 52 week high of $71.82.
iShares Bitcoin Trust ETF 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.
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Want to see what other hedge funds are holding IBIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report).
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