Horizon Kinetics Asset Management LLC lowered its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 3.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 796,863 shares of the company’s stock after selling 30,038 shares during the period. iShares Bitcoin Trust ETF makes up 0.5% of Horizon Kinetics Asset Management LLC’s holdings, making the stock its 24th biggest holding. Horizon Kinetics Asset Management LLC owned 0.06% of iShares Bitcoin Trust ETF worth $39,564,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Chapman Financial Group LLC bought a new position in shares of iShares Bitcoin Trust ETF in the third quarter worth $25,000. Anchor Investment Management LLC increased its position in shares of iShares Bitcoin Trust ETF by 210.3% in the third quarter. Anchor Investment Management LLC now owns 450 shares of the company’s stock worth $29,000 after purchasing an additional 305 shares during the period. Financial Life Planners bought a new position in shares of iShares Bitcoin Trust ETF in the third quarter worth $31,000. Semmax Financial Advisors Inc. increased its position in shares of iShares Bitcoin Trust ETF by 135.9% in the second 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. Finally, Marshall & Sterling Wealth Advisors Inc. increased its position in shares of iShares Bitcoin Trust ETF by 12,500.0% in the fourth quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock worth $25,000 after purchasing an additional 500 shares during the period.
iShares Bitcoin Trust ETF Stock Performance
Shares of NASDAQ IBIT opened at $35.14 on Wednesday. iShares Bitcoin Trust ETF has a 52 week low of $33.48 and a 52 week high of $71.82. The stock’s fifty day moving average is $41.94 and its 200 day moving average is $44.46.
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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