HighTower Advisors LLC lowered its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT – Free Report) by 4.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 858,078 shares of the company’s stock after selling 38,086 shares during the quarter. HighTower Advisors LLC owned about 0.06% of iShares Bitcoin Trust ETF worth $42,604,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Synergy Investment Management LLC acquired a new stake in shares of iShares Bitcoin Trust ETF during the fourth quarter worth $227,000. Verde Capital Management increased its position in shares of iShares Bitcoin Trust ETF by 20.9% in the fourth quarter. Verde Capital Management now owns 198,103 shares of the company’s stock worth $9,836,000 after purchasing an additional 34,291 shares during the period. VSM Wealth Advisory LLC bought a new position in shares of iShares Bitcoin Trust ETF in the fourth quarter worth $48,000. Entrust Financial LLC bought a new position in shares of iShares Bitcoin Trust ETF in the fourth quarter worth $138,000. Finally, CMG Global Holdings LLC increased its position in shares of iShares Bitcoin Trust ETF by 11.5% in the fourth quarter. CMG Global Holdings LLC now owns 33,215 shares of the company’s stock worth $1,649,000 after purchasing an additional 3,432 shares during the period.
iShares Bitcoin Trust ETF Stock Performance
Shares of NASDAQ IBIT opened at $44.00 on Friday. iShares Bitcoin Trust ETF has a 52 week low of $35.30 and a 52 week high of $71.82. The stock’s fifty day moving average is $42.07 and its 200 day moving average is $46.01.
iShares Bitcoin Trust ETF 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.
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