Ardmore Road Asset Management LP Sells 215,831 Shares of iShares Bitcoin Trust (NASDAQ:IBIT)

Ardmore Road Asset Management LP reduced its stake in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 85.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,456 shares of the company’s stock after selling 215,831 shares during the period. Ardmore Road Asset Management LP’s holdings in iShares Bitcoin Trust were worth $1,987,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Proficio Capital Partners LLC lifted its holdings in iShares Bitcoin Trust by 6,401.8% in the 4th quarter. Proficio Capital Partners LLC now owns 4,645,239 shares of the company’s stock worth $246,430,000 after purchasing an additional 4,573,794 shares during the last quarter. LPL Financial LLC raised its position in shares of iShares Bitcoin Trust by 485.5% in the fourth quarter. LPL Financial LLC now owns 752,583 shares of the company’s stock valued at $39,925,000 after purchasing an additional 624,036 shares during the period. Verde Servicos Internacionais S.A. raised its position in shares of iShares Bitcoin Trust by 3,525.8% in the fourth quarter. Verde Servicos Internacionais S.A. now owns 435,100 shares of the company’s stock valued at $23,082,000 after purchasing an additional 423,100 shares during the period. Parallax Volatility Advisers L.P. lifted its stake in shares of iShares Bitcoin Trust by 127.6% in the third quarter. Parallax Volatility Advisers L.P. now owns 660,000 shares of the company’s stock worth $23,846,000 after buying an additional 370,000 shares during the last quarter. Finally, NINE MASTS CAPITAL Ltd boosted its holdings in shares of iShares Bitcoin Trust by 29.6% during the 4th quarter. NINE MASTS CAPITAL Ltd now owns 1,518,200 shares of the company’s stock worth $80,541,000 after buying an additional 346,918 shares during the period.

iShares Bitcoin Trust Trading Up 3.2 %

Shares of IBIT opened at $48.30 on Wednesday. iShares Bitcoin Trust has a one year low of $28.23 and a one year high of $61.75. The company’s fifty day moving average price is $52.14 and its 200 day moving average price is $49.09.

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.