Stelac Advisory Services LLC Trims Stake in iShares Bitcoin Trust (NASDAQ:IBIT)

Stelac Advisory Services LLC cut its stake in iShares Bitcoin Trust (NASDAQ:IBIT) by 10.8% during the fourth quarter, HoldingsChannel reports. The firm owned 44,147 shares of the company’s stock after selling 5,345 shares during the period. Stelac Advisory Services LLC’s holdings in iShares Bitcoin Trust were worth $2,352,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. HBK Sorce Advisory LLC grew its holdings in shares of iShares Bitcoin Trust by 37.7% in the fourth quarter. HBK Sorce Advisory LLC now owns 9,228 shares of the company’s stock worth $490,000 after purchasing an additional 2,525 shares during the last quarter. 1776 Wealth LLC bought a new position in iShares Bitcoin Trust during the 4th quarter worth about $508,000. Avantax Advisory Services Inc. bought a new position in iShares Bitcoin Trust during the 4th quarter worth about $1,152,000. Truvestments Capital LLC grew its holdings in iShares Bitcoin Trust by 2,153.4% during the 4th quarter. Truvestments Capital LLC now owns 1,307 shares of the company’s stock worth $69,000 after acquiring an additional 1,249 shares in the last quarter. Finally, Capasso Planning Partners LLC bought a new position in iShares Bitcoin Trust during the 4th quarter worth about $1,326,000.

iShares Bitcoin Trust Trading Down 0.2 %

Shares of iShares Bitcoin Trust stock opened at $47.15 on Thursday. iShares Bitcoin Trust has a 1 year low of $28.23 and a 1 year high of $61.75. The firm’s 50-day moving average is $54.38 and its two-hundred day moving average is $47.53.

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.