NewEdge Advisors LLC decreased its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 6.3% in the second quarter, Holdings Channel reports. The fund owned 447,830 shares of the company’s stock after selling 29,979 shares during the period. NewEdge Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $14,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Marshall & Sterling Wealth Advisors Inc. grew its holdings in iShares Bitcoin Trust ETF by 12,500.0% in the 4th quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock valued at $25,000 after buying an additional 500 shares during the last quarter. Vermillion & White Wealth Management Group LLC increased its position in iShares Bitcoin Trust ETF by 637.5% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 531 shares of the company’s stock worth $26,000 after acquiring an additional 459 shares during the period. Sfam LLC acquired a new position in iShares Bitcoin Trust ETF during the 4th quarter valued at $26,000. Allied Private Wealth LLC bought a new stake in iShares Bitcoin Trust ETF in the 2nd quarter valued at $28,000. Finally, Semmax Financial Advisors Inc. increased its holdings in shares of iShares Bitcoin Trust ETF by 135.9% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock worth $33,000 after purchasing an additional 284 shares during the period.
iShares Bitcoin Trust ETF Trading Up 0.2%
IBIT opened at $43.77 on Friday. The firm’s fifty day moving average price is $39.08 and its two-hundred day moving average price is $39.65. iShares Bitcoin Trust ETF has a fifty-two week low of $32.84 and a fifty-two 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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