Verde Capital Management Has $8.91 Million Holdings in iShares Bitcoin Trust (NASDAQ:IBIT)

Verde Capital Management lessened its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 11.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 168,004 shares of the company’s stock after selling 21,634 shares during the period. iShares Bitcoin Trust accounts for about 2.5% of Verde Capital Management’s portfolio, making the stock its 7th biggest position. Verde Capital Management’s holdings in iShares Bitcoin Trust were worth $8,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Red Door Wealth Management LLC grew its position in iShares Bitcoin Trust by 28.4% in the fourth quarter. Red Door Wealth Management LLC now owns 122,448 shares of the company’s stock valued at $6,496,000 after acquiring an additional 27,097 shares during the last quarter. Galvin Gaustad & Stein LLC bought a new stake in shares of iShares Bitcoin Trust during the 4th quarter valued at approximately $248,000. Whalen Wealth Management Inc. bought a new stake in shares of iShares Bitcoin Trust during the 4th quarter valued at approximately $279,000. Avior Wealth Management LLC lifted its stake in iShares Bitcoin Trust by 635.7% in the 4th quarter. Avior Wealth Management LLC now owns 13,639 shares of the company’s stock valued at $724,000 after purchasing an additional 11,785 shares during the last quarter. Finally, Mutual Advisors LLC lifted its stake in iShares Bitcoin Trust by 65.8% in the 4th quarter. Mutual Advisors LLC now owns 157,060 shares of the company’s stock valued at $8,967,000 after purchasing an additional 62,338 shares during the last quarter.

iShares Bitcoin Trust Trading Down 1.0 %

Shares of NASDAQ:IBIT opened at $58.79 on Friday. iShares Bitcoin Trust has a 52-week low of $22.57 and a 52-week high of $61.75. The company has a fifty day moving average of $55.44 and a 200-day moving average of $43.00.

About iShares Bitcoin Trust

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.