iShares Bitcoin Trust (NASDAQ:IBIT) Shares Sold by Parkwood LLC

Parkwood LLC decreased its position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) by 33.6% in the 4th quarter, Holdings Channel reports. The firm owned 350,000 shares of the company’s stock after selling 177,000 shares during the quarter. iShares Bitcoin Trust accounts for about 2.0% of Parkwood LLC’s portfolio, making the stock its 9th largest holding. Parkwood LLC’s holdings in iShares Bitcoin Trust were worth $18,568,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Andina Capital Management LLC lifted its holdings in iShares Bitcoin Trust by 131.0% in the fourth quarter. Andina Capital Management LLC now owns 17,152 shares of the company’s stock valued at $910,000 after buying an additional 9,728 shares during the period. Mutual Advisors LLC lifted its stake in shares of iShares Bitcoin Trust by 65.8% in the 4th quarter. Mutual Advisors LLC now owns 157,060 shares of the company’s stock valued at $8,967,000 after purchasing an additional 62,338 shares during the period. Stordahl Capital Management Inc. bought a new stake in shares of iShares Bitcoin Trust during the 4th quarter valued at about $253,000. NINE MASTS CAPITAL Ltd grew its stake in iShares Bitcoin Trust by 29.6% during the fourth quarter. NINE MASTS CAPITAL Ltd now owns 1,518,200 shares of the company’s stock worth $80,541,000 after purchasing an additional 346,918 shares during the period. Finally, Lake Street Advisors Group LLC grew its stake in iShares Bitcoin Trust by 71.3% during the fourth quarter. Lake Street Advisors Group LLC now owns 40,791 shares of the company’s stock worth $2,164,000 after purchasing an additional 16,982 shares during the period.

iShares Bitcoin Trust Price Performance

Shares of IBIT opened at $59.62 on Wednesday. iShares Bitcoin Trust has a 52-week low of $28.23 and a 52-week high of $61.75. The business’s 50 day moving average price is $49.91 and its two-hundred day moving average price is $52.17.

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.