Sageworth Trust Co reduced its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 17.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 80,108 shares of the company’s stock after selling 16,481 shares during the quarter. Sageworth Trust Co’s holdings in iShares Bitcoin Trust ETF were worth $3,792,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of IBIT. HighTower Advisors LLC increased its stake in iShares Bitcoin Trust ETF by 1.9% during the second quarter. HighTower Advisors LLC now owns 1,349,658 shares of the company’s stock worth $44,930,000 after acquiring an additional 24,674 shares during the last quarter. Concurrent Investment Advisors LLC raised its position in iShares Bitcoin Trust ETF by 12.1% in the second quarter. Concurrent Investment Advisors LLC now owns 103,456 shares of the company’s stock valued at $3,444,000 after purchasing an additional 11,140 shares during the period. OceanIQ Capital LLC purchased a new stake in iShares Bitcoin Trust ETF in the second quarter valued at $816,000. Round Rock Advisors LLC acquired a new position in shares of iShares Bitcoin Trust ETF in the 2nd quarter valued at $3,124,000. Finally, Broussard Financial Group LLC lifted its stake in shares of iShares Bitcoin Trust ETF by 72.4% in the 1st quarter. Broussard Financial Group LLC now owns 70,478 shares of the company’s stock valued at $2,708,000 after purchasing an additional 29,588 shares during the last quarter.
iShares Bitcoin Trust ETF Trading Up 2.9%
NASDAQ IBIT opened at $45.33 on Thursday. iShares Bitcoin Trust ETF has a twelve month low of $32.84 and a twelve month high of $60.36. The stock has a fifty day simple moving average of $45.88 and a 200-day simple moving average of $41.44.
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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