Forte Asset Management LLC Sells 15,652 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Forte Asset Management LLC cut its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 17.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,053 shares of the company’s stock after selling 15,652 shares during the period. iShares Bitcoin Trust makes up approximately 2.1% of Forte Asset Management LLC’s holdings, making the stock its 18th biggest position. Forte Asset Management LLC’s holdings in iShares Bitcoin Trust were worth $3,929,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Union Savings Bank bought a new position in shares of iShares Bitcoin Trust during the 4th quarter worth about $25,000. City Holding Co. lifted its holdings in shares of iShares Bitcoin Trust by 95.2% during the 4th quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after acquiring an additional 238 shares during the period. Asset Dedication LLC lifted its holdings in shares of iShares Bitcoin Trust by 52.4% during the 3rd quarter. Asset Dedication LLC now owns 811 shares of the company’s stock worth $29,000 after acquiring an additional 279 shares during the period. PSI Advisors LLC bought a new position in shares of iShares Bitcoin Trust during the 4th quarter worth about $30,000. Finally, Glass Jacobson Investment Advisors llc lifted its holdings in shares of iShares Bitcoin Trust by 40.2% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 1,060 shares of the company’s stock worth $38,000 after acquiring an additional 304 shares during the period.

iShares Bitcoin Trust Stock Down 3.1 %

NASDAQ:IBIT opened at $57.85 on Tuesday. The company has a 50-day moving average of $55.77 and a 200-day moving average of $43.45. iShares Bitcoin Trust has a 52 week low of $23.88 and a 52 week high of $61.75.

iShares Bitcoin Trust 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.