iShares Bitcoin Trust (NASDAQ:IBIT) Stock Position Lowered by J. Goldman & Co LP

J. Goldman & Co LP decreased its position in iShares Bitcoin Trust (NASDAQ:IBIT) by 60.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 8,000 shares of the company’s stock after selling 12,250 shares during the period. J. Goldman & Co LP’s holdings in iShares Bitcoin Trust were worth $424,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. K2 Principal Fund L.P. boosted its position in shares of iShares Bitcoin Trust by 12.5% in the fourth quarter. K2 Principal Fund L.P. now owns 270,000 shares of the company’s stock worth $14,324,000 after buying an additional 29,999 shares during the period. Guardian Wealth Advisors LLC NC acquired a new stake in iShares Bitcoin Trust during the 4th quarter worth about $294,000. Greenline Partners LLC purchased a new position in iShares Bitcoin Trust during the 4th quarter valued at about $129,000. Ewing Morris & Co. Investment Partners Ltd. acquired a new position in shares of iShares Bitcoin Trust in the 4th quarter valued at about $2,433,000. Finally, Fairview Capital Investment Management LLC purchased a new stake in shares of iShares Bitcoin Trust in the fourth quarter worth approximately $542,000.

iShares Bitcoin Trust Stock Performance

IBIT stock opened at $58.66 on Monday. The firm has a 50 day simple moving average of $49.60 and a 200 day simple moving average of $51.98. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75.

About iShares Bitcoin Trust

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.