Sovran Advisors LLC decreased its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 49.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 160,753 shares of the company’s stock after selling 159,806 shares during the quarter. Sovran Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $6,176,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in iShares Bitcoin Trust ETF in the fourth quarter worth approximately $711,000. Bison Wealth LLC bought a new position in shares of iShares Bitcoin Trust ETF during the 4th quarter valued at $3,140,000. Royal Bank of Canada lifted its stake in shares of iShares Bitcoin Trust ETF by 3.6% in the 1st quarter. Royal Bank of Canada now owns 61,926 shares of the company’s stock valued at $2,898,000 after purchasing an additional 2,148 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in iShares Bitcoin Trust ETF by 427.2% in the first quarter. Jones Financial Companies Lllp now owns 2,172 shares of the company’s stock worth $102,000 after purchasing an additional 1,760 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in iShares Bitcoin Trust ETF in the second quarter worth $357,000.
iShares Bitcoin Trust ETF Trading Up 1.2%
iShares Bitcoin Trust ETF stock traded up $0.42 during mid-day trading on Friday, hitting $36.23. 30,657,459 shares of the company’s stock were exchanged, compared to its average volume of 55,435,195. iShares Bitcoin Trust ETF has a 1-year low of $32.84 and a 1-year high of $71.82. The stock has a 50 day moving average of $39.14 and a two-hundred day moving average of $42.07.
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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