Avestar Capital LLC lowered its stake in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 30.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,921 shares of the company’s stock after selling 35,920 shares during the quarter. Avestar Capital LLC’s holdings in iShares Bitcoin Trust ETF were worth $3,925,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also added to or reduced their stakes in the business. Fusion Capital LLC purchased a new stake in shares of iShares Bitcoin Trust ETF during the third quarter worth about $285,000. Modera Wealth Management LLC grew its position in iShares Bitcoin Trust ETF by 2.5% in the 3rd quarter. Modera Wealth Management LLC now owns 16,121 shares of the company’s stock valued at $763,000 after buying an additional 400 shares during the last quarter. Petros Family Wealth LLC purchased a new stake in shares of iShares Bitcoin Trust ETF during the third quarter worth about $236,000. Whelan Financial acquired a new stake in shares of iShares Bitcoin Trust ETF in the third quarter worth $209,000. Finally, International Assets Investment Management LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 1,331.0% in the 3rd quarter. International Assets Investment Management LLC now owns 100,000 shares of the company’s stock valued at $4,734,000 after acquiring an additional 93,012 shares during the last quarter.
iShares Bitcoin Trust ETF Stock Down 5.1%
Shares of IBIT stock opened at $43.36 on Friday. iShares Bitcoin Trust ETF has a fifty-two week low of $32.84 and a fifty-two week high of $63.03. The stock has a 50-day simple moving average of $45.89 and a 200 day simple moving average of $41.59.
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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