Ables Iannone Moore & Associates Inc. Lowers Stock Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Ables Iannone Moore & Associates Inc. decreased its holdings in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,659 shares of the company’s stock after selling 210 shares during the period. iShares Bitcoin Trust makes up about 0.6% of Ables Iannone Moore & Associates Inc.’s holdings, making the stock its 29th biggest position. Ables Iannone Moore & Associates Inc.’s holdings in iShares Bitcoin Trust were worth $1,043,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of IBIT. Private Advisor Group LLC purchased a new position in iShares Bitcoin Trust in the second quarter valued at about $5,262,000. Lake Street Advisors Group LLC purchased a new stake in iShares Bitcoin Trust during the second quarter worth $814,000. MRA Advisory Group purchased a new position in shares of iShares Bitcoin Trust in the second quarter valued at $1,939,000. X Square Capital LLC raised its stake in shares of iShares Bitcoin Trust by 2.7% during the 2nd quarter. X Square Capital LLC now owns 224,396 shares of the company’s stock worth $7,661,000 after buying an additional 5,859 shares during the last quarter. Finally, HCR Wealth Advisors grew its stake in iShares Bitcoin Trust by 128.0% in the 2nd quarter. HCR Wealth Advisors now owns 12,245 shares of the company’s stock valued at $418,000 after acquiring an additional 6,875 shares during the last quarter.

iShares Bitcoin Trust Stock Up 3.9 %

Shares of NASDAQ IBIT traded up $2.21 on Monday, hitting $58.17. The company’s stock had a trading volume of 46,742,814 shares, compared to its average volume of 39,653,559. The stock has a 50 day moving average of $51.97 and a 200-day moving average of $41.08. iShares Bitcoin Trust has a 12-month low of $22.02 and a 12-month high of $61.75.

iShares Bitcoin Trust 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.