IvyRock Asset Management HK Ltd cut its holdings in iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 38.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 248,900 shares of the company’s stock after selling 156,600 shares during the quarter. iShares Bitcoin Trust ETF comprises approximately 6.5% of IvyRock Asset Management HK Ltd’s holdings, making the stock its 4th largest position. IvyRock Asset Management HK Ltd’s holdings in iShares Bitcoin Trust ETF were worth $12,358,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Clifford Swan Investment Counsel LLC lifted its stake in iShares Bitcoin Trust ETF by 10.4% in the fourth quarter. Clifford Swan Investment Counsel LLC now owns 16,866 shares of the company’s stock valued at $837,000 after acquiring an additional 1,585 shares during the last quarter. Convergence Financial LLC lifted its stake in iShares Bitcoin Trust ETF by 23.9% in the fourth quarter. Convergence Financial LLC now owns 63,577 shares of the company’s stock valued at $3,157,000 after acquiring an additional 12,262 shares during the last quarter. Curio Wealth LLC acquired a new stake in iShares Bitcoin Trust ETF in the fourth quarter valued at approximately $44,000. Vise Technologies Inc. raised its position in shares of iShares Bitcoin Trust ETF by 93.0% in the fourth quarter. Vise Technologies Inc. now owns 88,717 shares of the company’s stock valued at $4,405,000 after purchasing an additional 42,740 shares during the period. Finally, Continuum Advisory LLC raised its position in shares of iShares Bitcoin Trust ETF by 13.4% in the fourth quarter. Continuum Advisory LLC now owns 11,221 shares of the company’s stock valued at $557,000 after purchasing an additional 1,329 shares during the period.
iShares Bitcoin Trust ETF Price Performance
NASDAQ:IBIT opened at $36.02 on Friday. iShares Bitcoin Trust ETF has a 12 month low of $35.30 and a 12 month high of $71.82. The company’s 50 day moving average is $42.16 and its 200-day moving average is $44.82.
iShares Bitcoin Trust ETF Company 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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