VestGen Advisors LLC cut its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 17.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 89,496 shares of the company’s stock after selling 19,356 shares during the quarter. VestGen Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $4,237,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in IBIT. Laurel Wealth Advisors LLC bought a new position in iShares Bitcoin Trust ETF during the third quarter worth about $86,000. William Mack & Associates Inc. acquired a new stake in shares of iShares Bitcoin Trust ETF during the 3rd quarter worth approximately $33,000. Victory Financial Group LLC increased its position in iShares Bitcoin Trust ETF by 27.6% in the 3rd quarter. Victory Financial Group LLC now owns 23,904 shares of the company’s stock valued at $1,132,000 after buying an additional 5,168 shares in the last quarter. PPSC Investment Service Corp raised its stake in iShares Bitcoin Trust ETF by 11.6% during the 3rd quarter. PPSC Investment Service Corp now owns 698,688 shares of the company’s stock worth $33,069,000 after buying an additional 72,688 shares during the period. Finally, MADDEN SECURITIES Corp bought a new position in iShares Bitcoin Trust ETF in the third quarter worth approximately $38,000.
iShares Bitcoin Trust ETF Stock Down 0.9%
Shares of NASDAQ:IBIT opened at $45.71 on Friday. iShares Bitcoin Trust ETF has a twelve month low of $32.84 and a twelve month high of $63.03. The stock’s 50 day moving average is $45.85 and its 200-day moving average is $41.63.
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.
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