iShares Bitcoin Trust ETF $IBIT Holdings Trimmed by Procyon Advisors LLC

Procyon Advisors LLC reduced its position in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 73.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 59,306 shares of the company’s stock after selling 168,298 shares during the quarter. Procyon Advisors LLC’s holdings in iShares Bitcoin Trust ETF were worth $2,279,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Marshall & Sterling Wealth Advisors Inc. grew its holdings in shares of iShares Bitcoin Trust ETF by 12,500.0% during the fourth quarter. Marshall & Sterling Wealth Advisors Inc. now owns 504 shares of the company’s stock valued at $25,000 after buying an additional 500 shares in the last quarter. Key Capital Management INC purchased a new stake in iShares Bitcoin Trust ETF in the 4th quarter worth about $26,000. Vermillion & White Wealth Management Group LLC lifted its stake in iShares Bitcoin Trust ETF by 637.5% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 531 shares of the company’s stock worth $26,000 after acquiring an additional 459 shares in the last quarter. Sfam LLC acquired a new stake in iShares Bitcoin Trust ETF during the 4th quarter worth about $26,000. Finally, Anchor Investment Management LLC boosted its position in iShares Bitcoin Trust ETF by 210.3% during the 3rd quarter. Anchor Investment Management LLC now owns 450 shares of the company’s stock worth $29,000 after acquiring an additional 305 shares during the period.

iShares Bitcoin Trust ETF Trading Down 2.8%

Shares of IBIT opened at $35.22 on Tuesday. iShares Bitcoin Trust ETF has a fifty-two week low of $32.84 and a fifty-two week high of $71.82. The business’s 50-day moving average is $38.98 and its 200-day moving average is $41.91.

iShares Bitcoin Trust ETF 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.